88240, NM Housing Market
The median sale price of a home in 88240 was $275K last month, up 18.8% since last year.
88240 Housing Market Trends
In September 2025, 88240 home prices were up 18.8% compared to last year, selling for a median price of $275K. On average, homes in 88240 sell after 21 days on the market compared to 13 days last year. There were 109 homes sold in September this year, up from 92 last year.

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View houses in 88240 that sold recently
Recently sold homes
- Unknown Last Sold Price1 bed1 bath750 sq ft1011 N Linam St, Hobbs, NM 88240List Price—Sale to List—Days on Market34 days1011 N Linam St, Hobbs, NM 88240
- Unknown Last Sold Price3 beds2.5 baths3,352 sq ft601 E Jemez Dr, Hobbs, NM 88240List Price—Sale to List—Days on Market60 days601 E Jemez Dr, Hobbs, NM 88240
- Unknown Last Sold Price5 beds3 baths2,894 sq ft2103 E Highland Dr, Hobbs, NM 88240List Price—Sale to List—Days on Market49 days2103 E Highland Dr, Hobbs, NM 88240
- Unknown Last Sold Price3 beds1 bath1,040 sq ft3101 N Fowler St, Hobbs, NM 88240List Price—Sale to List—Days on Market11 days3101 N Fowler St, Hobbs, NM 88240
- Unknown Last Sold Price3 beds2 baths2,260 sq ft928 W Mesa Verde St, Hobbs, NM 88240List Price—Sale to List—Days on Market84 days928 W Mesa Verde St, Hobbs, NM 88240
- Unknown Last Sold Price3 beds2 baths1,596 sq ft2017 N Homestead Dr, Hobbs, NM 88240List Price—Sale to List—Days on Market52 days2017 N Homestead Dr, Hobbs, NM 88240
- Unknown Last Sold Price4 beds2 baths2,084 sq ft1115 W Breeze, Hobbs, NM 88240List Price—Sale to List—Days on Market99 days1115 W Breeze, Hobbs, NM 88240
- Unknown Last Sold Price4 beds2.5 baths2,121 sq ft5110 W Longtail Dr, Hobbs, NM 88240List Price—Sale to List—Days on Market118 days5110 W Longtail 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 | 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
Heat Factor

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