$3,194 Closing Credit*
$269,000
2,600 SqFt
5 Beds
•2 Full Baths, 1 Partial
Evelyn Kuhn, Listing Office: Keller Williams Upstate NY Properties
Is Hobart, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hobart was a Neutral Market.
Key Takeaway
Hobart is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hobart, NY
How much do homes in Hobart, NY cost?
Median Sold Price
$265,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,000(+47.2%)
Key Takeaway
Homes in Hobart have sold for 47.2% more than they did a year ago.
Summary: The median home sold price in Hobart was $265,000 in October 2024, up 47.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $351K | +95.0% |
| 2 Bedrooms | $118.2K | $150K | +26.8% |
| 3 Bedrooms | $215K | $220K | +2.3% |
| 4 Bedrooms | $564.5K | $353.5K | -37.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hobart housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95%, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 37.4%, and 5+ bedroom homes did not change.
Housing Supply in Hobart, NY
How many homes are available in Hobart, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Hobart real estate market had 10 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hobart housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hobart, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Hobart in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Hobart, NY
How long does it take to sell a home in Hobart, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 324 Days | 15 Days | -95.3% |
Summary: Homes in Hobart had an average of 15 days on market in Oct 2024, down by 95.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hobart are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Hobart; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.