South Florida

Hobe Sound, FL

Single-Family Homes

Real Estate Market Reports



Hobe Sound, FL

Fri May 09 2025
This week the median list price for Hobe Sound, FL is $798,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 147. Click here to stay informed with the Hobe Sound market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Hobe Sound, FL

Fri May 09 2025
This week the median list price for Hobe Sound, FL is $798,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 147. Click here to stay informed with the Hobe Sound market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Hobe Sound market.
Median List Price $798,000
Median Price of New Listings $549,000
Per Square Foot $359
Average Days on Market 104
Median Days on Market 77
Price Decreased 52%
Price Increased 2%
Relisted 6%
Inventory 147
Median Rent
Market Action 29
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$5,492,500 3,760 0.5 - 1 acre 4 4.5 32 0 3 91
$899,000 2,496 0.25 - 0.5 acre 4 3 28 2 0 98
$698,000 1,988 6,500 - 8,000 sqft 3 2 29 2 2 49
$499,000 1,680 6,500 - 8,000 sqft 3 2 36 5 4 84