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Featured local agent — North Hobbs, NM
Sarah Mitchell
Compass Real Estate · North Hobbs, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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North Hobbs, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$576,350median sale price
How is the North Hobbs, NM housing market right now?
The median home sale price in North Hobbs, NM is $576,350, up 9.7% year-over-year. Homes sell in an average of 116 days with 4 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is North Hobbs a buyer's or seller's market?
North Hobbs, NM is currently a balanced market, based on 2.0 months of supply and homes selling in about 116 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
116
Average pace
Active listings
4
2.0 months supply
Sale-to-list
—
Below asking
What does the North Hobbs housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $576,350 |
| Median list price | $299,000 |
| Year-over-year price change | +9.7% |
| Average days on market | 116 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Median price per sq ft | $225/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 3 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in North Hobbs by property type?
How the North Hobbs, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $576,350 | $225/sq ft | 2 | 116 days |
Source: Redfin · Updated monthly
The North Hobbs housing market is currently classified as a balanced market with a median sale price of $576,350. Prices have risen 9.7% compared to last year, with homes spending an average of 116 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in North Hobbs
There are currently 4 homes listed for sale in North Hobbs, New Mexico. The median listing price is $299K.
Active listings
4
Homes on market
Median list price
$299K
Avg. days on market
116
Days until sale
New this week
3
Newly listed
Who lives in North Hobbs?
Population
6,099
Median income
$89,279/yr
Median age
34.8 years
Owner-occupied
88.2%
College grads
11.5%
Avg commute
17.3 min
Source: U.S. Census Bureau ACS
What is it like to live in North Hobbs?
North Hobbs is a community of approximately 6K residents with a median age of 34.8 years.The median household income is $89,279, which reflects a relatively affluent area with strong earning potential. 11.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 88.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, North Hobbs offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near North Hobbs, NM?
Want a head-to-head view? Compare North Hobbs side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in North Hobbs?
The median home sale price in North Hobbs is $576,350, up 9.7% from last year.
How long do homes stay on market in North Hobbs?
Homes typically spend 116 days on market before going under contract.
What is the median income in North Hobbs?
The median household income is $89,279 per year.
Is North Hobbs a buyer's or seller's market?
With 2.0 months of supply, North Hobbs is currently a balanced market.
How much does a single-family home cost in North Hobbs?
The median single-family home price in North Hobbs, NM is $576,350 (about $225 per square foot).
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