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Featured local agent — Hobart, IN
Sarah Mitchell
Compass Real Estate · Hobart, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hobart, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$261,495median sale price
How is the Hobart, IN housing market right now?
The median home sale price in Hobart, IN is $261,495, up 13.7% year-over-year. Homes sell in an average of 37 days with 71 active listings. The market is currently a strong seller'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 Hobart a buyer's or seller's market?
Hobart, IN is currently a strong seller's market, based on 1.5 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
48
Last 12 weeks
Days on market
37
Average pace
Active listings
71
1.5 months supply
Sale-to-list
100.6%
Above asking
What does the Hobart housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $261,495 |
| Median list price | $269,900 |
| Year-over-year price change | +13.7% |
| Average days on market | 37 days |
| Active inventory | 71 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 100.6% |
| Median price per sq ft | $157/sq ft |
| Homes sold (latest month) | 48 |
| New listings (latest month) | 37 |
| Listings with a price cut | 39.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Hobart by property type?
How the Hobart, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $287,000 | $149/sq ft | 38 | 39 days |
| Condo / Co-op | $149,900 | $119/sq ft | 1 | 13 days |
| Townhouse | $254,995 | $162/sq ft | 10 | 18 days |
Source: Redfin · Updated monthly
The Hobart housing market is currently classified as a strong seller's market with a median sale price of $261,495. Prices have risen 13.7% compared to last year, with homes spending an average of 37 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Hobart
There are currently 71 homes listed for sale in Hobart, Indiana. The median listing price is $270K.
Active listings
71
Homes on market
Median list price
$270K
Avg. days on market
37
Days until sale
New this week
37
Newly listed
Who lives in Hobart?
Population
29,646
Median income
$71,680/yr
Median age
38.6 years
Owner-occupied
70.2%
College grads
22.6%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Hobart?
Zillow home value
$246,732
Zillow rent index
$1,376/mo
Price-to-rent ratio
14.9x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Hobart?
Hobart is a community of approximately 30K residents with a median age of 38.6 years.The median household income is $71,680, which represents a working-class community with solid middle-income opportunities. 22.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hobart offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hobart?
9 schools tracked · 5,363 students
The largest public schools serving Hobart, IN 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.
Hobart High School
Grades 9-12 · 1,343 students
Hobart Middle School
Grades 6-8 · 916 students
Veterans Elementary School at Mundell
Grades 1-5 · 588 students
River Forest High School
Grades 9-12 · 567 students
Joan Martin Elementary School
Grades 1-5 · 499 students
Liberty Elementary School
Grades 1-5 · 408 students
River Forest Middle School
Grades 6-8 · 374 students
John I Meister Elementary School
Grades K-5 · 364 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 Hobart, IN?
Want a head-to-head view? Compare Hobart side-by-side with any other U.S. city using our market-comparison tool.
Is Hobart a good real estate investment market?
For investors evaluating Hobart, the price-to-rent ratio of 14.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 13.7% 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 Hobart's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hobart's median home price.
Frequently asked questions
What is the average home price in Hobart?
The median home sale price in Hobart is $261,495, up 13.7% from last year.
How long do homes stay on market in Hobart?
Homes typically spend 37 days on market before going under contract.
What is the median income in Hobart?
The median household income is $71,680 per year.
Is Hobart a buyer's or seller's market?
With 1.5 months of supply, Hobart is currently a strong seller's market.
What is the Zillow home value estimate for Hobart?
The Zillow Home Value Index (ZHVI) for Hobart is $246,732, representing the typical home value in the area.
What is the median condo price in Hobart?
The median condo/co-op sale price in Hobart, IN is $149,900, compared to $287,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hobart?
The median single-family home price in Hobart, IN is $287,000 (about $149 per square foot).
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