Hobe Sound Detached Home Market Update (Non-HOPA) – July 2026
Professional Market Analysis by Tom Dunphy Realtor
Thomas J. Dunphy III
Florida State-Certified Residential Real Estate Appraiser (RD8755)
APPRAIS | Licensed Real Estate Sales Associate – Fulton Grace Realty
Hobe Sound Detached Home Market Overview
The Hobe Sound detached home market outside of age-restricted communities continued to demonstrate balanced market conditions during July 2026. Sales activity remained consistent over the past six months, inventory remained limited, and homes that were competitively priced continued to attract buyers within typical marketing times.
While median sale prices increased compared with the prior seven-to-twelve-month period, the overall data suggests a stable market rather than a rapidly changing one.
Market Overview
The Hobe Sound detached housing market continues to reflect stable conditions. The absorption rate has remained consistent at approximately 26 sales per month over the past six months, while active inventory has remained relatively stable and has actually declined from the prior seven-to-twelve-month period. Housing supply has remained at approximately 2.7 months, indicating that available inventory continues to be absorbed at a steady pace. Median sale prices and median list prices have both increased, reflecting continued buyer demand.
Understanding the Numbers
Median Sale Price
What it means:
The median sale price represents the midpoint of all comparable home sales during the reporting period. Half of the homes sold for more and half sold for less.
Current Market:
The median sale price increased from $649,000 during the prior seven-to-twelve-month period to $670,000 during the current three-month period, indicating continued price stability with modest appreciation.
Absorption Rate
What it means:
The absorption rate measures how quickly homes are selling based on the current pace of sales.
Current Market:
The absorption rate has remained steady at approximately 26.3 sales per month during both the prior four-to-six-month period and the current three-month period, reflecting consistent buyer activity.
Months of Housing Supply
What it means:
Months of housing supply estimates how long it would take to sell all active listings if no additional homes came on the market and sales continued at the current pace.
Current Market:
Housing supply has remained stable at approximately 2.7 months over the past six months. This indicates a relatively balanced market with inventory continuing to be absorbed at a steady pace.
Days on Market
What it means:
Days on Market measures the median amount of time it took for sold homes to secure a buyer.
Current Market:
The median marketing period declined from 101 days during the prior seven-to-twelve-month period to 61 days during the current reporting period, indicating that well-priced homes continue to sell within typical marketing times.
Sale-to-List Price Ratio
What it means:
The sale-to-list price ratio compares the final sale price with the original list price.
Current Market:
Recent detached home sales closed at approximately 100% of the list price, suggesting buyers and sellers continue to reach agreement near asking prices.
What This Means for Buyers
Inventory remains relatively limited, and detached homes that are competitively priced continue to sell within typical marketing periods. Buyers should be prepared to act when well-maintained homes become available while still taking time to compare condition, location, and recent comparable sales.
What This Means for Sellers
Current market conditions remain favorable for sellers who price their homes appropriately. Median sale prices have increased, inventory remains limited, and buyers continue to purchase well-priced homes within typical marketing times. Proper pricing and presentation remain important for achieving the strongest results.
Appraiser's Perspective
From an appraiser's perspective, the Hobe Sound detached home market outside of 55+ communities remains stable and balanced. Median sale prices have increased modestly, the absorption rate has remained consistent over the past six months, and housing supply has held at approximately 2.7 months, reflecting continued market stability rather than rapid change. Recent marketing times have improved, with the median days on market declining to 61 days, while no foreclosure or short-sale activity was reported during the analysis period. Typical marketing times remain 0 to 90 days, with a reasonable exposure period of three to six months.
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Disclaimer
The market statistics presented in this report are based on data obtained from the Martin County REALTORS® of the Treasure Coast MLS and reflect market conditions as of the effective date of this report. Real estate markets are dynamic and subject to change. Individual property values may vary based on factors including location, size, condition, quality, amenities, updates, financing terms, and current market conditions.
This market update is provided for informational and educational purposes only and should not be considered an appraisal, valuation, investment, legal, or tax advice. Buyers and sellers should consult with qualified professionals regarding their specific real estate needs.
Prepared by:
Thomas J. Dunphy III
Florida State-Certified Residential Real Estate Appraiser (RD8755)
Licensed Real Estate Sales Associate – Fulton Grace Realty
APPRAIS – Florida Licensed Real Estate Appraisal Company