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

The Hobart housing market right now

In the three months ending August 31, 2026, 20% of homes in Hobart, IN 46342 sold above their list price, the typical home went under contract in 21 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 133 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold faster (37 days then) and the median sale price held steady to $254,890. Overall, Hobart is about as competitive as it was a year ago.

Within Lake County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 54%. On our competition score, Hobart ranks #100 of 306 IN ZIP codes with enough sales (score 60 out of 100).

Nearby, buyers who want less competition could look at Gary 46402 (5% sold over asking) or Gary 46407 (9% sold over asking), while Hammond 46327 (53% sold over asking) and Hammond 46324 (39% sold over asking) are even more competitive.