North Hobbs, NM Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in North Hobbs, NM is $499,900, up 104.0% year-over-year. Homes sell in an average of 58 days with 1 active listings. The market is currently a seller's market.
$499,900median sale price
Is North Hobbs a buyer's or seller's market?
North Hobbs, NM is currently a seller's market, based on 0.3 months of supply and homes selling in about 58 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
58
Average pace
Active listings
1
0.3 months supply
Sale-to-list
—
Below asking
North Hobbs, NM market data
| Metric | Value |
|---|---|
| Median sale price | $499,900 |
| Median list price | $270,000 |
| Year-over-year price change | +104.0% |
| Average days on market | 58 days |
| Active inventory | 1 listings |
| Months of supply | 0.3 months |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The North Hobbs housing market is currently classified as a seller's market with a median sale price of $499,900. Prices have risen 104.0% compared to last year, with homes spending an average of 58 days on market, indicating 0.3 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 North Hobbs
There are currently 1 homes listed for sale in North Hobbs, New Mexico. The median listing price is $270K.
Active listings
1
Homes on market
Median list price
$270K
Avg. days on market
58
Days until sale
New this week
2
Newly listed
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Frequently asked questions
What is the average home price in North Hobbs?
The median home sale price in North Hobbs is $499,900, up 104.0% from last year.
How long do homes stay on market in North Hobbs?
Homes typically spend 58 days on market before going under contract.
Is North Hobbs a buyer's or seller's market?
With 0.3 months of supply, North Hobbs is currently a seller's market.
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