Hobbsville Housing Market Report May 2025•Gates County, North Carolina

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Housing Prices in Hobbsville, NC

How much do homes in Hobbsville, NC cost?

Housing Market Conditions

Is Hobbsville, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Hobbsville is a Seller's Market

Difference Since May 2024

Since last year, Hobbsville has remained a Seller's Market.

Insight

Hobbsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$251,000$199/SqFt
+$27,000
+12.1%

Based on all homes sold in the last 12 months

Insight

Homes in Hobbsville have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Hobbsville was $251,000 in May 2025, up 12.1% from last year, and the median price per square foot was $199.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$127K-
N/A
2$40K$175.2K
+338.1%
3$225K$289.4K
+28.6%
4$315K$230K
-27.0%
5--
N/A

Summary: Hobbsville housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +338.1%. The home price for 3 bedroom homes increased by +28.6%. The home price for 4 bedroom homes decreased by -27.0%. The home price for 5 bedroom homes did not change.

How does Hobbsville, NC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Hobbsville, NC

Housing supply in Hobbsville, NC

How many homes are available in Hobbsville, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
3Last MonthMay 2025
22 months agoApr 2025
+50.0 %
Change MoMApr – May

Summary: The Hobbsville real estate market had 3 homes for sale in May 2025, a 50.0 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthMay 2025
02 months agoApr 2025
+100.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
211
0.0%
312
+100.0%
400
0.0%
500
0.0%

Summary: Hobbsville housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Hobbsville, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Hobbsville, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Hobbsville in May 2025, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Hobbsville, NC

How long does it take to sell a home in Hobbsville, NC?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Hobbsville has remained consistent over time.

Summary: During May 2025, 1 homes were sold in Hobbsville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
31 DaysThis YearMay 2025
34 Days1 year agoMay 2024
-8.8 %
Change YoYMay 2024 – May 2025

Summary: Homes in Hobbsville had an average listing age of 31 days in May 2025, down by 8.8% compared to the previous year.

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Newest Listings in Hobbsville, NC

What homes are available in Hobbsville, NC?

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Nearby markets aren't available for Hobbsville, NC

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MLS Disclaimers and Copyright

Based on information from Hive MLS, for the period 06/01/2023 - 06/01/2025

IDX Copyright 2025 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 6:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.