The incident occurred on Haganim Street in the city. The sinkhole may have opened up due to a failure of an underground water pipe, a police spokesperson said.
Police are making changes to the traffic arrangements in the area to avoid further accidents, for the safety of drivers. No other collapse locations were found in the area.
Photographs indicate that the sinkhole could be a few meters deep.
Fortunately, no injuries have been sustained from the sinkhole.
The "Mia" company, Hod Hasharon's water company, stated that its teams have been at the scene since the morning it occurred.
Hod Hasharon's mayor, Amir Kochavi, said that "The incident will be fully investigated to see what we can learn from it - at the moment it appears that the explosion of a 12 inch diameter water pipe under the road caused the displacement of the substrates under the asphalt and the soil underneath, resulting in the collapse of the road."
"The incident will be fully investigated to see what we can learn from it."Amir Kochavi
Not the first time this has happened in this city
This incident comes two months after a different sinkhole opened up in Hod Hasharon, which was in a parking lot.
Firefighters arrived at the scene to make sure there was no danger, amid calls and complaints from neighbors in the area.