88240, NM homes for sale & real estate

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ABOUT THIS HOME
88240, NM Homes for Sale
Suerte Land Group now offers a variety of different land options to accommodate your next development. Situated in a vastly growing area in the heart of Lea County, this land is surrounded by large facilities including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, Lea County Event Center, NMJC, and much more. Lots 12, 13, 15, 16, and 18 have fantastic potential for, but not limited to, retail, office park, child care, etc. These lots are situated on the interior of the development just west of the projected City Sports complex/City Park/Pond.

$609,840

— beds— baths— sq ft

000 Lot 16, Hobbs, NM 88240

1.4 acre lot • Listed 643 days

ABOUT THIS HOME
88240, NM Homes for Sale
Suerte Land Group now offers a variety of different land options to accommodate your next development. Situated in a vastly growing area in the heart of Lea County, this land is surrounded by large facilities including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, Lea County Event Center, NMJC, and much more. Lots 12, 13, 15, 16, and 18 have fantastic potential for, but not limited to, retail, office park, child care, etc. These lots are situated on the interior of the development just west of the projected City Sports complex/City Park/Pond.

$566,280

— beds— baths— sq ft

000 Lot 15, Hobbs, NM 88240

1.3 acre lot • Listed 643 days

ABOUT THIS HOME
88240, NM Homes for Sale
Suerte Land Group now offers a variety of different land options to accommodate your next development. Situated in a vastly growing area in the heart of Lea County, this land is surrounded by large facilities including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, Lea County Event Center, NMJC, and much more. Lots 2, 3, 4, and 5 have fantastic potential for, but not limited to, restaurants and/or fast food establishments. These lots are situated right off the Lovington Highway which gives you visibility on both the east and west side of your future development.

$653,400

— beds— baths— sq ft

000 Lot 3, Hobbs, NM 88240

1.5 acre lot • Listed 643 days

ABOUT THIS HOME
88240, NM Homes for Sale
PRIME CORNER LAND FOR LOTS OF DIFFERENT DEVELOPMENT ON THE BUSY BYPASS INTO HOBBS, NM.

$2,446,327

— beds— baths— sq ft

TBD E Navajo Dr, Hobbs, WY 82240

8.64 acre lot • Listed 1092 days

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Average home prices near 88240, NM

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88240, NM real estate trends

All Home Types trends in 88240, NM

Median Sale Price
# of Homes Sold
Median Days on Market

All Home Types

Median Sale Price (All Home Types)

$275,000

+18.8% YoY | Sep 2025

1 year
3 year
5 year

Based on Redfin calculations of home data from MLS and/or public records.

Location

Data

Sep 2025

Growth

% YoY

88240, NM

$275,000

+18.8%

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