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City / Town Overview

Hobbs, NM

Aggregate real estate market report across all ZIPs in scope
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The Hobbs, NM real estate market currently shows 130 active listings, with 83 pending sales. Homes are averaging 46.7 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are selling faster, averaging 46.7 days on market compared to 54 days last year.

The median listing price has risen 37.7% year-over-year, from $279,263 to $384,487.

Whether you are buying or selling in Hobbs, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 50,147  ·  Density: 228.7/mi²  ·  Median household income: $64,359

Typical home value: $168,600  ·  Homeownership: 64.2%

Included Areas

Hobbs: 88240, 88241, 88242, 88244

Area Map

Market Overview

Active Listings
130
⇧ 10.2% vs 118 last year
Pending
83
64% pending ratio
Median Price
$384,487
⇧ 37.7% vs $279,263 last year
Average Price
$454,565
⇧ 43% vs $317,801 last year
Days on Market
46.7
⇩ 13.5% vs 54 days last year

Price Per Square Foot

Median $/sqft
$174
⇧ 15.9% vs $150/sqft last year
Median Home Size
2,216 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %