South Florida
Hobe Sound, FL
Single-Family Homes
Real Estate Market Reports
Hobe Sound, FL
Sun Dec 22 2024
This week the median list price for Hobe Sound, FL is $826,500 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has increased to 112.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Real-Time Market Profile
| Median List Price | $826,500 | |
| Median Price of New Listings | $719,000 | |
| Per Square Foot | $360 | |
| Average Days on Market | 106 | |
| Median Days on Market | 91 | |
| Price Decreased | 39% | |
| Price Increased | 1% | |
| Relisted | 6% | |
| Inventory | 112 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $5,772,500 | 3,830 | 0.5 - 1 acre | 4 | 5 | 20 | 0 | 1 | 45 |
| $990,000 | 2,541 | 0.25 - 0.5 acre | 4 | 2.8 | 24 | 2 | 1 | 98 |
| $659,445 | 2,118 | 8,000 - 10,000 sqft | 3 | 2 | 29 | 0 | 2 | 101 |
| $486,450 | 1,610 | 6,500 - 8,000 sqft | 3 | 2 | 30 | 2 | 1 | 77 |