88240, NM Housing Market
The median sale price of a home in 88240 was $270K over the last 3 months, up 1.8% since the same period last year.
88240 Housing Market Trends
Over the three months ending August 2026, 88240 home prices were up 1.8% compared to the same period last year, selling for a median price of $270K. On average, homes in 88240 sell after 25 days on the market compared to 24 days last year. There were 89 homes sold in August this year, down from 100 last year.

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View houses in 88240 that sold recently
Recently sold homes
- Unknown Last Sold Price2 beds2 baths2,498 sq ft914 W Jicarilla St. St, Hobbs, NM 88240List Price—Sale to List—Days on Market—914 W Jicarilla St. St, Hobbs, NM 88240
- Unknown Last Sold Price2 beds2 baths1,644 sq ft921 W Caprock St. St, Hobbs, NM 88240List Price—Sale to List—Days on Market—921 W Caprock St. St, Hobbs, NM 88240
- Unknown Last Sold Price3 beds2 baths1,540 sq ft2022 N Acoma Dr, Lovington, NM 88240List Price—Sale to List—Days on Market37 days2022 N Acoma Dr, Lovington, NM 88240
- Unknown Last Sold Price4 beds2 baths2,007 sq ft5008 Big Red Rd W #3, Hobbs, NM 88240List Price—Sale to List—Days on Market42 days5008 Big Red Rd W #3, Hobbs, NM 88240
- Unknown Last Sold Price3 beds2 baths—sq ft1615 Turner St S, Hobbs, NM 88240List Price—Sale to List—Days on Market70 days1615 Turner St S, Hobbs, NM 88240
- Unknown Last Sold Price3 beds1 bath—sq ft615 Sunset Dr E, Hobbs, NM 88240List Price—Sale to List—Days on Market46 days615 Sunset Dr E, Hobbs, NM 88240
- Unknown Last Sold Price3 beds3 baths1,487 sq ft1500 N Gila Dr N, Hobbs, NM 88240List Price—Sale to List—Days on Market49 days1500 N Gila Dr N, Hobbs, NM 88240
- Unknown Last Sold Price4 beds2 baths2,203 sq ft1017 E Albertson Dr, Hobbs, NM 88240List Price—Sale to List—Days on Market35 days1017 E Albertson Dr, Hobbs, NM 88240
See all recently sold homes in 88240.
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Schools in 88240
- Elementary
- Middle
- High
GreatSchools Rating
10/10 B.T. Washington Elementary School Public • PreK-5 | 155 Students | N/A |
9/10 Edison Elementary School Public • PreK-5 | 225 Students | N/A |
8/10 Will Rogers Elementary School Public • PreK-5 | 297 Students | N/A |
7/10 Mills Elementary School Public • PreK-5 | 411 Students | 1 reviews |
6/10 Mettie Jordan Elementary School Public • PreK-5 | 357 Students | 1 reviews |
Climate's impact on 88240 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 88240.
Flood Factor - Moderate
Flood Factor

Fire Factor - Major
Fire Factor

Wind Factor - Minor
Wind Factor

Wind likelihood over time
Heat Factor - Major
Heat Factor

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