All Home Types
Hobbs, NM Housing Market
What is the housing market like in Hobbs today?
In May 2025, Hobbs home prices were up 16.7% compared to last year, selling for a median price of $280K. On average, homes in Hobbs sell after 15 days on the market compared to 14 days last year. There were 33 homes sold in May this year, down from 41 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$280,000
+16.7% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Hobbs, NM
$280,000
+16.7%
United States
Hobbs Migration & Relocation Trends
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