Hobbs, NM Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Hobbs, NM is $240,000, down 25.5% year-over-year. Homes sell in an average of 18 days with 40 active listings. The market is currently a seller's market.
$240,000median sale price
Is Hobbs a buyer's or seller's market?
Hobbs, NM is currently a seller's market, based on 1.6 months of supply and homes selling in about 18 days. How we determine this →
Homes sold
25
Last 12 weeks
Days on market
18
Fast-moving
Active listings
40
1.6 months supply
Sale-to-list
—
Below asking
Hobbs, NM market data
| Metric | Value |
|---|---|
| Median sale price | $240,000 |
| Median list price | $265,000 |
| Year-over-year price change | -25.5% |
| Average days on market | 18 days |
| Active inventory | 40 listings |
| Months of supply | 1.6 months |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
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
Homes for sale in Hobbs
There are currently 40 homes listed for sale in Hobbs, New Mexico. The median listing price is $265K.
Active listings
40
Homes on market
Median list price
$265K
Avg. days on market
18
Days until sale
New this week
39
Newly listed
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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.
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