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Featured local agent — Hobe Sound, FL
Sarah Mitchell
Compass Real Estate · Hobe Sound, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hobe Sound, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$745,000median sale price
How is the Hobe Sound, FL housing market right now?
The median home sale price in Hobe Sound, FL is $745,000, up 26.3% year-over-year. Homes sell in an average of 84 days with 91 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Hobe Sound a buyer's or seller's market?
Hobe Sound, FL is currently a buyer's market, based on 4.1 months of supply and homes selling in about 84 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
84
Average pace
Active listings
91
4.1 months supply
Sale-to-list
95.7%
Below asking
What does the Hobe Sound housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $745,000 |
| Median list price | $517,000 |
| Year-over-year price change | +26.3% |
| Average days on market | 84 days |
| Active inventory | 91 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 95.7% |
| Median price per sq ft | $319/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 18 |
| Listings with a price cut | 26.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Hobe Sound by property type?
How the Hobe Sound, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $816,500 | $341/sq ft | 18 | 84 days |
| Condo / Co-op | $200,000 | $195/sq ft | 1 | 158 days |
| Townhouse | $255,000 | $194/sq ft | 3 | 64 days |
Source: Redfin · Updated monthly
The Hobe Sound housing market is currently classified as a buyer's market with a median sale price of $745,000. Prices have risen 26.3% compared to last year, with homes spending an average of 84 days on market, indicating 4.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 8.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Hobe Sound
There are currently 91 homes listed for sale in Hobe Sound, Florida. The median listing price is $517K.
Active listings
91
Homes on market
Median list price
$517K
Avg. days on market
84
Days until sale
New this week
18
Newly listed
Who lives in Hobe Sound?
Population
14,313
Median income
$63,233/yr
Median age
55.6 years
Owner-occupied
77.2%
College grads
28.6%
Avg commute
25.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Hobe Sound?
Zillow home value
$505,309
Zillow rent index
$2,217/mo
Price-to-rent ratio
19.0x
Price-to-income
8.0x
Source: Zillow Research
What is it like to live in Hobe Sound?
Hobe Sound is a community of approximately 14K residents with a median age of 55.6 years.The median household income is $63,233, which represents a working-class community with solid middle-income opportunities. 28.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hobe Sound offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hobe Sound?
2 schools tracked · 965 students
The largest public schools serving Hobe Sound, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
SEA WIND ELEMENTARY SCHOOL
Grades K-5 · 505 students
HOBE SOUND ELEMENTARY SCHOOL
Grades PK-5 · 460 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hobe Sound, FL?
Want a head-to-head view? Compare Hobe Sound side-by-side with any other U.S. city using our market-comparison tool.
Is Hobe Sound a good real estate investment market?
For investors evaluating Hobe Sound, the price-to-rent ratio of 19.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 26.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Hobe Sound's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hobe Sound's median home price.
Frequently asked questions
What is the average home price in Hobe Sound?
The median home sale price in Hobe Sound is $745,000, up 26.3% from last year.
How long do homes stay on market in Hobe Sound?
Homes typically spend 84 days on market before going under contract.
What is the median income in Hobe Sound?
The median household income is $63,233 per year.
Is Hobe Sound a buyer's or seller's market?
With 4.1 months of supply, Hobe Sound is currently a buyer's market.
What is the Zillow home value estimate for Hobe Sound?
The Zillow Home Value Index (ZHVI) for Hobe Sound is $505,309, representing the typical home value in the area.
What is the median condo price in Hobe Sound?
The median condo/co-op sale price in Hobe Sound, FL is $200,000, compared to $816,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hobe Sound?
The median single-family home price in Hobe Sound, FL is $816,500 (about $341 per square foot).
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