Is Hobart, IN 46342 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Hobart is a seller’s market. With about 2.3 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.3Under 4 months = seller’s market

Sold above original list20.1%Share of sales, last 3 months

Median sale-to-list98.7%Sold price ÷ list price

Median days on market21Listing to accepted offer

Median price per sq ft$164▲ +4.3% vs. last year

Run the numbers for 46342

Prefilled for 46342Can I win this house?Multiple-offer likelihood for a listing Prefilled for 46342Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cedar Lake 46303Seller’s market $197 /sq ft Crown Point 46307Seller’s market $182 /sq ft Dyer 46311Seller’s market $184 /sq ft East Chicago 46312Seller’s market $101 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology