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City / Town Overview

Hobbs, NM

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

Market Analysis

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

The Hobbs, NM real estate market currently shows 136 active listings, with 78 pending sales. Homes are averaging 44.1 days on the market before going under contract.

Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice.

Homes are selling faster, averaging 44.1 days on market compared to 48.7 days last year.

The median listing price has risen 0.6% year-over-year, from $364,583 to $366,863.

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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
136
⇧ 25.9% vs 108 last year
Pending
78
57% pending ratio
Median Price
$366,863
⇧ 0.6% vs $364,583 last year
Average Price
$426,591
⇧ 11.8% vs $381,699 last year
Days on Market
44.1
⇩ 9.4% vs 49 days last year

Price Per Square Foot

Median $/sqft
$167
⇧ 5.9% vs $158/sqft last year
Median Home Size
1,959 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 %