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 99 homes sold in November this year, up from 96 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 88240 housing market?
View houses in 88240 that sold recently
Recently sold homes
- Unknown Last Sold Price—beds—baths—sq ftLOT A-3 and A-4 Lovington Hwy, Hobbs, NM 88240List Price—Sale to List—Days on Market59 daysLOT A-3 and A-4 Lovington Hwy, Hobbs, NM 88240
- Unknown Last Sold Price3 beds2 baths2,084 sq ft1500 W Marquis Ln, Hobbs, NM 88240List Price—Sale to List—Days on Market31 days1500 W Marquis Ln, Hobbs, NM 88240
- Unknown Last Sold Price3 beds2 baths1,525 sq ft1912 N Penasco Dr, Hobbs, NM 88240List Price—Sale to List—Days on Market39 days1912 N Penasco Dr, Hobbs, NM 88240
- Unknown Last Sold Price4 beds2 baths1,983 sq ft1034 W Breeze, NM 88240List Price—Sale to List—Days on Market47 days1034 W Breeze, NM 88240
- Unknown Last Sold Price4 beds2 baths2,716 sq ft1306 W Taos St, Hobbs, NM 88240List Price—Sale to List—Days on Market89 days1306 W Taos St, Hobbs, NM 88240
- Unknown Last Sold Price—beds—baths—sq ft300 E Navajo Dr, Hobbs, NM 88240List Price—Sale to List—Days on Market881 days300 E Navajo Dr, Hobbs, NM 88240
- Unknown Last Sold Price—beds—baths—sq ft1121 & 1129 W Cambridge St, Hobbs, NM 88240List Price—Sale to List—Days on Market291 days1121 & 1129 W Cambridge St, Hobbs, NM 88240
- Unknown Last Sold Price5 beds2.5 baths2,679 sq ft4916 W Big Cy Rd, Hobbs, NM 88240List Price—Sale to List—Days on Market53 days4916 W Big Cy Rd, Hobbs, NM 88240
See all recently sold homes in 88240.
See listings
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
Wind Factor

Wind likelihood over time
Heat Factor - Major
Heat Factor

More real estate resources for 88240
New Listings in 88240
City Housing Markets
Nearby Zip Code Housing Markets
County Housing Markets
City Listings
Nearby Zip Code Listings
About us
Find us
Subsidiaries
Affiliated Business
Copyright: © 2026 Redfin. All rights reserved.
Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.
Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.










United States
Canada