Hobbs, NM
Housing market overview · Updated weekly
$240,000median sale price
Homes sold
25
Last 12 weeks
Days on market
18
Fast-moving
Active listings
40
1.6 months supply
Sale-to-list
—
Below asking
The Hobbs housing market is currently classified as a seller's market with a median sale price of $240,000. Prices have fallen 25.5% compared to last year, with homes spending an average of 18 days on market, indicating 1.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Explore nearby cities in NM
Frequently asked questions
What is the average home price in Hobbs?
The median home sale price in Hobbs is $240,000, down 25.5% from last year.
How long do homes stay on market in Hobbs?
Homes typically spend 18 days on market before going under contract.
Is Hobbs a buyer's or seller's market?
With 1.6 months of supply, Hobbs is currently a seller's market.
Get Hobbs market alerts
Weekly updates on prices, inventory, and trends. Free forever.