88240, NM Housing Market
The median sale price of a home in 88240 was $299K last month, up 32.9% since last year.
88240 Housing Market Trends
In November 2025, 88240 home prices were up 32.9% compared to last year, selling for a median price of $299K. On average, homes in 88240 sell after 14 days on the market compared to 20 days last year. There were 98 homes sold in November this year, up from 96 last year.

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How hot is the 88240 housing market?
View houses in 88240 that sold recently
Recently sold homes
- Unknown Last Sold Price3 beds2 baths1,319 sq ft1900 N Penasco Dr, Hobbs, NM 88240List Price—Sale to List—Days on Market135 days1900 N Penasco Dr, Hobbs, NM 88240
- Unknown Last Sold Price—beds—baths—sq ftN Montogery St, Hobbs, NM 88240List Price—Sale to List—Days on Market46 daysN Montogery St, Hobbs, NM 88240
- Unknown Last Sold Price3 beds2.5 baths2,166 sq ft1600 W Camino Del Arco St, Hobbs, NM 88240List Price—Sale to List—Days on Market60 days1600 W Camino Del Arco St, Hobbs, NM 88240
- Unknown Last Sold Price3 beds2 baths1,166 sq ft1508 E Highland Dr, Hobbs, NM 88240List Price—Sale to List—Days on Market90 days1508 E Highland Dr, Hobbs, NM 88240
- Unknown Last Sold Price—beds—baths—sq ftTBD Arkansas Hwy, Hobbs, NM 88240List Price—Sale to List—Days on Market383 daysTBD Arkansas Hwy, Hobbs, NM 88240
- Unknown Last Sold Price4 beds2 baths1,400 sq ft1411 W Scharbauer St, Hobbs, NM 88240List Price—Sale to List—Days on Market154 days1411 W Scharbauer St, Hobbs, NM 88240
- Unknown Last Sold Price3 beds2 baths1,439 sq ft1315 E Rose Ln, Hobbs, NM 88240List Price—Sale to List—Days on Market28 days1315 E Rose Ln, Hobbs, NM 88240
- Unknown Last Sold Price2 beds1.5 baths1,524 sq ft419 W Kiowa Ave, Hobbs, NM 88240List Price—Sale to List—Days on Market15 days419 W Kiowa Ave, 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 | 156 Students | N/A |
9/10 Edison Elementary School Public • PreK-5 | 224 Students | N/A |
8/10 Will Rogers Elementary School Public • PreK-5 | 314 Students | N/A |
7/10 Mills Elementary School Public • PreK-5 | 401 Students | 1 reviews |
6/10 Mettie Jordan Elementary School Public • PreK-5 | 346 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 - Severe
Fire Factor

Wind Factor - Minor
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Wind likelihood over time
Heat Factor - Major
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