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HOBBS, NM 88241

Real Estate Market Report  ·  Lea County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The HOBBS, NM real estate market (88241) currently shows 1 active listings. Homes are averaging 34 days on the market before going under contract.

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: 0  ·  Density: 0.0/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 0.0%

Market Overview

Active Listings
1
Pending
0
0% pending ratio
Median Price
$270,000
Average Price
$270,000
Days on Market
34

Market Trends

Inventory & Days on Market

Year over Year

Median & Average Pricing

Year over Year

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 70.6 miles — 180 listings ($56,591,909 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88241Hobbs, NM 882410.0 mi1$270,000$270,000$270,000
88265Monument, NM 8826515.7 mi1$350,000$350,000$350,000
79323Denver City, TX 7932320.6 mi25$6,819,650$274,975$272,786
88231Eunice, NM 8823123.5 mi2$276,000$138,000$138,000
79355Plains, TX 7935532.6 mi3$945,999$350,000$315,333
79714Andrews, TX 7971439.3 mi68$24,092,604$299,923$354,303
88252Jal, NM 8825242.8 mi3$328,875$109,625$109,625
79316Brownfield, TX 7931656.3 mi31$7,525,715$256,900$242,765
79741Goldsmith, TX 7974159.4 mi2$292,500$146,250$146,250
88232Hagerman, NM 8823261.4 mi3$749,850$249,950$249,950
79745Kermit, TX 7974562.6 mi25$6,995,175$175,000$279,807
79789Wink, TX 7978969.2 mi3$518,901$144,000$172,967
79758Gardendale, TX 7975870.6 mi13$7,426,640$589,990$571,280

Frequently Asked Questions

How many homes are for sale in HOBBS, NM 88241?

As of March 2026, there are 1 active listings in HOBBS, NM (zip code 88241).

What is the median home price in HOBBS, NM 88241?

The median listing price in HOBBS, NM 88241 is $270,000 as of March 2026.

How long do homes stay on the market in HOBBS, NM?

Homes in HOBBS, NM 88241 spend an average of 34 days on the market before going under contract.

Is it a seller's or buyer's market in HOBBS, NM 88241?

Based on current inventory and days-on-market data as of March 2026, HOBBS, NM 88241 is currently a Balanced Market.

How much can I save on real estate commission in HOBBS, NM?

With SELL123.com's maximum 3% commission, sellers in HOBBS, NM 88241 save an estimated $5,400 compared to a typical 5% commission on the median listing price of $270,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.