Photo: Dennisyerger84 · CC BY-SA 3.0405 homes sold in Hobart in the last year, at a typical $244K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Hobart homes are listed.
Every place Hobart homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Hobart.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 89% of Hobart’s sales, at a typical $247K
405 homes sold in the year to May 2026.
typical sale · 362 sold in 12 months
- Per square foot
- $155IN $148
- Days to sell
- 38
- Sold over asking
- 30%
- Listings with a price cut
- 33%
Multi-family (2–4 units): 1 sold, typical $327K
Townhouses: 35 sold, typical $254K
Condos: 7 sold, typical $172K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
405 sales in the last year, against 553 in 2016 and a low of 335 in 2012. The typical sale went from $121K in 2016 to $244K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Hobart
Check a listing against what Hobart homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Hobart are more common than before the pandemic, but 45% fewer homes come up for sale
We read every month of Hobart’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 405 sales.
If you’re buying in Hobart
- Shop in March. It brings about 46 new listings a month, close to the busiest month, with fewer bidding wars (23% over asking).
- Bid near asking. Buyers paid 99% of the list price on average; 29% paid over.
- You’ll usually have time. Only 39% of homes go under contract within two weeks; the typical one takes 37 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 54 a month), but August is the most competitive: 31% of August sales close over asking. March and April offer nearly as much choice with fewer homes bid up (23%). January has the least competition (18%) but only about 31 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Indiana
| Hobart now | 2017–19 | 2021 peak | IN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 29% | 19% | 43% | 19% |
| Gone within two weeksShare of homes under contract within 14 days | 39% | 1% | 12% | 37% |
| Listings with a price cutShare of homes for sale that cut their price | 31% | — | 15% | 33% |
| Price paid vs. askingAverage sale price ÷ list price | 99% | 97.8% | 100.2% | 97.7% |
| Days to sellMedian days from listing to contract | 37 | 69 | 51 | 35 |
84 homes for sale on a typical day
That’s 1.3 times the 2023 low (64), 45% fewer than in 2017–19 and well under 2015’s 282.
1 in 3 listings has cut its price
31% in the last year, against — in 2017–19 and 33% across Indiana.
Since 2019, houses are up 61%, condos 45%
A house typically sold for $247K in the last year (362 sales), a condo for $172K (7).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Hobart ranks 5th of 132 busy Indiana markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Hobart is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Hobart home costs about $1,488 a month
Price: Hobart’s typical sale, last 12 months. Property tax at Hobart’s 1.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Hobart is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 25.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $244K home, about $2,580 a year.
Taxes vs. neighborsSchools
The schools grade for Hobart, from test results, graduation and how much students grow.
Schools in HobartCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Merrillville, Lake Station and Gary sell for less a square foot
The busier markets within 25 miles of Hobart, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Gary | 725 | $117K | $77 | 21% | 44 |
| Hobart | 405 | $244K | $156 | 29% | 37 |
| Merrillville | 403 | $256K | $149 | 25% | 38 |
| Winfield | 249 | $410K | $188 | 11% | 57 |
| Lake Station | 147 | $176K | $140 | 28% | 35 |
| New Chicago | 28 | $180K | $159 | 18% | 31 |
| Salt Creek Commons | 24 | $239K | $174 | 38% | 38 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Hobart, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Hobart. People who follow the town see it, and so do people comparing Hobart with their own town. No commission, no listing fee.
Questions about buying a home in Hobart
What do homes sell for in Hobart, IN?
405 homes sold in the year to May 2026 at a typical $244K, $156 a square foot.
Is Hobart a buyer’s or seller’s market?
A seller’s market: 71 homes were for sale in May 2026 and 48 sold, about 1.5 months of supply. Buyers paid 99% of asking on average, and 31% of listings cut their price.
When is the best time to buy in Hobart?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Hobart?
About 1.1% of a home’s value a year. On a $244K home that’s near $2,580.
Where can I see homes for sale in Hobart?
Zillow, Redfin, Realtor.com and Homes.com all carry Hobart’s MLS listings; the search links above open each one filtered to Hobart.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).