Hobart Real Estate Market May 2026
Your complete guide to the Hobart real estate market | Data-driven analysis by Josh Pavich, REALTOR®
The Hobart real estate market is expanding in May 2026. New listings climbed +11.1% and total inventory rose +33.3% to 56 homes, giving buyers more choices than they’ve had in months. Prices moved +12.5% to a $260,000 median, and the market remains a seller’s market at 1.9 months of supply. Here’s the full picture.
📊 May 2026 Key Metrics
📈 Hobart Market Analysis
Hobart is part of the Northwest Indiana real estate landscape. At a $260,000 median sale price, the market gives buyers and sellers a clear data-driven picture. The 9 metrics below tell the full story.
The headline this month is inventory: total homes for sale climbed +33.3% to 56 (from 42 a year ago). New listings moved +11.1% (now 40). Hobart remains a seller’s market at 1.9 months of supply (3.0 is the standard balanced-market benchmark).
Demand is soft: closed sales fell -15.2% to 39, and pending sales rose +6.9% to 31. Days on market increased from 29 to 43 — homes are taking longer than a year ago.
Prices moved up: the median climbed +12.5% to $260,000, while the average moved +10.7% to $269,028. Sellers received 99.0% of list price, up from 97.6%.
Hobart vs. Lake County
| Metric | Hobart | Lake County |
|---|---|---|
| Median Sale Price | $260,000 | (see county report) |
| YoY Price Change | +12.5% | — |
| Homes Sold (May) | 39 | — |
| Median Days on Market | 43 days | — |
| Months Supply | 1.9 | — |
For the full Lake County breakdown, see our Lake County Real Estate Market Update – May 2026.
📊 Price Comparison: Hobart vs. NW Indiana Towns
Median sale prices for May 2026.
🏠 What This Means for Buyers & Sellers
🔑 Buyer Tip
Hobart at a $260,000 median is one of the more affordable markets in the area. Inventory is expanding, giving buyers more options. Search Hobart listings →
💰 Seller Tip
With 1.9 months of supply, Hobart is still a seller’s market. Inventory is climbing and you have more competition from other sellers. Get your free home valuation →
📋 Official MLS Data: Hobart — May 2026
The following data comes directly from the NIRA MLS FastStats report for Hobart, comparing May 2025 vs. May 2026.
| Key Metric | May 2025 | May 2026 | % Change |
|---|---|---|---|
| New Listings | 36 | 40 | +11.1% |
| Pending Sales | 29 | 31 | +6.9% |
| Closed Sales | 46 | 39 | -15.2% |
| Days on Market | 29 | 43 | +48.3% |
| Median Sales Price | $231,200 | $260,000 | +12.5% |
| Average Sales Price | $242,968 | $269,028 | +10.7% |
| % of Original List Price | 97.6% | 99.0% | +1.4% |
| Inventory of Homes | 42 | 56 | +33.3% |
| Months Supply | 1.4 | 1.9 | +35.7% |
Key takeaways: The Hobart real estate market in May 2026 shows a +12.5% median price move to $260,000 with +33.3% inventory change to 56 homes and 1.9 months of supply. At a $260,000 median, Hobart remains a strong seller’s market in NW Indiana.
Ready to navigate the Hobart real estate market? I’d love to help you make smart moves with data-driven strategy.
Ready to Make Your Move?
Thinking about buying or selling in Hobart? I help homeowners and investors navigate the NW Indiana market with 10+ years of local experience — including a professional background in home inspection and HVAC systems. I see things other agents miss.
📞 Call or text: (219) 508-8579
📧 Email: team@joshpavich.com
🌐 Website: joshpavich.com
Josh Pavich | Weichert, Realtors® – Shoreline
Serving all of Northwest Indiana — Porter, Lake, and LaPorte Counties
Frequently Asked Questions About the Hobart Indiana Real Estate Market May 2026
What is the median home price in Hobart for May 2026?
The median sale price in the Hobart real estate market for May 2026 was $260,000, +12.5% year-over-year.
Is Hobart a buyer's or seller's market in May 2026?
Hobart is a seller's market with 1.9 months of supply (3 months is the standard balance benchmark).
How is housing inventory in Hobart for May 2026?
Hobart inventory is at 56 active homes in May 2026, with 39 closed sales. Months supply is 1.9.
How long are homes taking to sell in Hobart?
Days on Market in Hobart for May 2026 was 43 days, up from 29 days a year earlier.
