Hobbs, NM metro area Housing Market
Warm MarketComprehensive housing market data for the Hobbs, NM metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$265K
↓ 7.0% YoY
Days on Market
15 days
↓ 37.5% YoY
Active Inventory
72
↑ 2.9% YoY
Homes Sold
51
↓ 7.3% YoY
Warm Market
The market is active with moderate buyer demand.
Hobbs, NM metro area Market Summary
The Hobbs, NM metro area housing market is heating up. As of March 2026, the median home sale price is $265K, down 7.0% year-over-year. Homes are spending a median of 15 days on the market, 37.5% shorter than a year ago.
There are 72 homes for sale — 2.9% more than last year. With 1.4 months of supply, this is a seller's market. 44 new listings were added during this period, up 4.8% year-over-year.
0.0% of homes sell above their asking price. 26.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
50
Contributing Factors
How This Market Compares
vs. National Median
vs. New Mexico Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 39% below the national median, which could indicate stronger cash flow potential.
Hobbs, NM metro area Market Trends
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Detailed Market Metrics
Median List Price
$277K
Price per Sq Ft
$146
Sale-to-List Ratio
N/A
Months of Supply
1.4
Sold Above List
0.0%
Price Drops
26.4%
New Listings
44
↑ 4.8% YoY
Pending Sales
43
Off Market in 2 Weeks
58.1%
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Clovis, NM metro area
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$392K · 152d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.