In this article, we report a novel pressure sensing method based on the Hall effect and a hard magnet magnetorheological elastomer (hmMRE). The elastic property of the MRE under pressure was used to generate spatial variation in the magnetic flux density around the MRE, and the variation was detected by the Hall effect device underneath. As the first development in this kind of pressure sensing mechanism, we conducted research for the following three purposes: (1) to verify the Hall effect on the output signal, (2) to understand the sensor output variations under different modes of operation, and (3) to utilize the mechanism as a pressure sensor. We characterized the sensor with its operation parameters, such as signal polarity switching depending on wiring directions, signal amplitude, and offset shift depending on the input voltage. Based on the analyses, we concluded that the Hall voltage represents the pressure applied on the hmMRE, and the new pressure sensing mechanism was devised successfully.