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Featured local agent — Hobart, WI
Sarah Mitchell
Compass Real Estate · Hobart, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hobart, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$500,000median sale price
How is the Hobart, WI housing market right now?
The median home sale price in Hobart, WI is $500,000, down 7.4% year-over-year. Homes sell in an average of 65 days with 32 active listings. The market is currently a balanced 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, WI is currently a balanced market, based on 3.6 months of supply and homes selling in about 65 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
65
Average pace
Active listings
32
3.6 months supply
Sale-to-list
97.9%
Below asking
What does the Hobart housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $500,000 |
| Median list price | $534,900 |
| Year-over-year price change | -7.4% |
| Average days on market | 65 days |
| Active inventory | 32 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 97.9% |
| Median price per sq ft | $229/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 13 |
| Listings with a price cut | 12.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Hobart by property type?
How the Hobart, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $510,000 | $238/sq ft | 8 | 67 days |
| Condo / Co-op | $288,000 | $207/sq ft | 1 | 36 days |
Source: Redfin · Updated monthly
The Hobart housing market is currently classified as a balanced market with a median sale price of $500,000. Prices have fallen 7.4% compared to last year, with homes spending an average of 65 days on market, indicating 3.6 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 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Hobart
There are currently 32 homes listed for sale in Hobart, Wisconsin. The median listing price is $535K.
Active listings
32
Homes on market
Median list price
$535K
Avg. days on market
65
Days until sale
New this week
13
Newly listed
Who lives in Hobart?
Population
10,418
Median income
$111,918/yr
Median age
36 years
Owner-occupied
64.1%
College grads
49.5%
Avg commute
19.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Hobart?
Zillow home value
$490,549
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Hobart?
Hobart is a community of approximately 10K residents with a median age of 36 years.The median household income is $111,918, which reflects a relatively affluent area with strong earning potential. 49.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.1%, showing a blend of owner and renter-occupied properties. The average commute time is 19.6 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 cities are near Hobart, WI?
Want a head-to-head view? Compare Hobart side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Hobart?
The median home sale price in Hobart is $500,000, down 7.4% from last year.
How long do homes stay on market in Hobart?
Homes typically spend 65 days on market before going under contract.
What is the median income in Hobart?
The median household income is $111,918 per year.
Is Hobart a buyer's or seller's market?
With 3.6 months of supply, Hobart is currently a balanced market.
What is the Zillow home value estimate for Hobart?
The Zillow Home Value Index (ZHVI) for Hobart is $490,549, 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, WI is $288,000, compared to $510,000 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, WI is $510,000 (about $238 per square foot).
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