Is Hobart, OK 73651 a buyer’s or seller’s market?
Hobart is a buyer’s market. With about 11.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Hobart housing market right now
In the three months ending August 31, 2026, 11% of homes in Hobart, OK 73651 sold above their list price, the typical home went under contract in 150 days and there were 11.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (17 days then) and the median sale price held steady to $114,950. Overall, Hobart is less competitive than a year ago, which gives buyers more room.
Within Kiowa County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Lone Wolf 73655 (0% sold over asking) or Snyder 73566 (0% sold over asking).
Run the numbers for 73651
Nearby markets
Gotebo 73041 — /sq ftLone Wolf 73655Balanced $51 /sq ftMountain Park 73559 $273 /sq ftMountain View 73062 $62 /sq ft Browse all markets →Towns like Hobart nearby
Find towns like Hobart in other states →Where Hobart is
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Questions about Hobart real estate
Is Hobart a buyer’s or seller’s market?
A buyer’s market: there were 11.7 months of supply in Hobart, OK 73651 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Hobart?
The typical home went under contract in 150 days in the latest three months.
Do homes in Hobart sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Hobart?
About 0.58% of a home’s value a year in Kiowa County, or roughly $2,320 on a $400,000 home.
What is the median home price in Hobart?
The median sale price was $114,950 in the three months ending August 31, 2026, about $62 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology