Hobart Housing Market Report February 2025•Kiowa County, Oklahoma

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Housing Prices in Hobart, OK

How much do homes in Hobart, OK cost?

Housing Market Conditions

Is Hobart, OK a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Hobart is a Buyer's Market

Difference Since February 2024

At the same time last year, Hobart was a Seller's Market.

Insight

Hobart is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$68,500$40/SqFt
-$10,250
-13.0%

Based on all homes sold in the last 12 months

Insight

Homes in Hobart have sold for 13% less than they did a year ago.

Summary: The median home sold price in Hobart was $68,500 in February 2025, down 13% from last year, and the median price per square foot was $40.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$62.2K$16.6K
-73.2%
3$118K$81K
-31.3%
4$67.5K$83K
+23.0%
5--
N/A

Summary: Hobart housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -73.2%. The home price for 3 bedroom homes decreased by -31.3%. The home price for 4 bedroom homes increased by +23.0%. The home price for 5 bedroom homes did not change.

How does Hobart, OK compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Hobart, OK

Housing supply in Hobart, OK

How many homes are available in Hobart, OK?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
24Last MonthFeb 2025
202 months agoJan 2025
+20.0 %
Change MoMJan – Feb

Summary: The Hobart real estate market had 24 homes for sale in Feb 2025, a 20.0 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthFeb 2025
12 months agoJan 2025
+100.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
223
+50.0%
31315
+15.4%
456
+20.0%
500
0.0%

Summary: Hobart housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +15.4%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Hobart, OK cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Hobart, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Hobart in February 2025, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for Hobart, OK

How long does it take to sell a home in Hobart, OK?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in Hobart are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 2 homes were sold in Hobart; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
47 DaysThis YearFeb 2025
104 Days1 year agoFeb 2024
-54.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Hobart had an average listing age of 47 days in Feb 2025, down by 54.8% compared to the previous year.

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Newest Listings in Hobart, OK

What homes are available in Hobart, OK?

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Nearby markets aren't available for Hobart, OK

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MLS Disclaimers and Copyright

Based on information from MLS of Oklahoma, for the period 03/01/2023 - 03/01/2025

IDX Copyright© 2025 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:14:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.