Comprehensive market data and analysis
We're showing Washington County statistics below to give you a broader market picture. As more transactions occur in Hobart, Washington, we'll update with specific local data.
View nearby areas with more activity:
17.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Hobart, Washington | ||||||
The median price for land in the Washington area is currently $115K per acre. For a typical parcel, the median sale price is $150K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $42K while premium lots reached $545K.
the Washington area is currently a strong buyer's market with 17.5 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 23.9% year-over-year.
the Washington area currently has 17.5 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, the Washington area saw 5,774 properties sold, totaling $1577.7M in sales volume. In just the last 3 months, 1,202 properties changed hands.
There are currently 6,999 active listings in the Washington area. 1,830 new listings have hit the market in the last 90 days. The median asking price is $195K.
Land in the Washington area typically sells within 99 days of listing. The median time on market is 45 days. Properties are moving at a moderate pace in the current strong buyer's market.
The current absorption rate in the Washington area is 5.7% (3-month basis), indicating slow demand. With depreciating values (-23.9% YoY), buyers may find value opportunities. The top-performing broker in this market is RE/MAX, The Collective.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
