88242, NM Housing Market
The median sale price of a home in 88242 was $345K last month, up 21.9% since last year.
88242 Housing Market Trends
In July 2025, 88242 home prices were up 21.9% compared to last year, selling for a median price of $345K. On average, homes in 88242 sell after 39 days on the market compared to 27 days last year. There were 15 homes sold in July this year, down from 16 last year.

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Recently sold homes
- Unknown Last Sold Price—beds—baths—sq ftTBD N Grimes St, Hobbs, NM 88240List Price—Sale to List—Days on Market46 daysTBD N Grimes St, Hobbs, NM 88240
- Unknown Last Sold Price—beds—baths—sq ft5110 N Camelot St, Hobbs, NM 88240List Price—Sale to List—Days on Market1088 days5110 N Camelot St, Hobbs, NM 88240
- Unknown Last Sold Price—beds—baths—sq ft1503 E Linda Ln, Hobbs, NM 88242List Price—Sale to List—Days on Market27 days1503 E Linda Ln, Hobbs, NM 88242
- Unknown Last Sold Price3 beds3 baths2,713 sq ft8311 N Matt Dr, Hobbs, NM 88242List Price—Sale to List—Days on Market56 days8311 N Matt Dr, Hobbs, NM 88242
- Unknown Last Sold Price3 beds2 baths1,580 sq ft1521 W Frog Leap Ct, Hobbs, NM 88242List Price—Sale to List—Days on Market36 days1521 W Frog Leap Ct, Hobbs, NM 88242
- Unknown Last Sold Price4 beds3 baths2,078 sq ft1709 W Goose Berry Dr, Hobbs, NM 88242List Price—Sale to List—Days on Market54 days1709 W Goose Berry Dr, Hobbs, NM 88242
- Unknown Last Sold Price3 beds2 baths2,848 sq ft109 W Lovelady Rd, Hobbs, NM 88242List Price—Sale to List—Days on Market105 days109 W Lovelady Rd, Hobbs, NM 88242
- Unknown Last Sold Price2 beds1 bath873 sq ft5915 San Joaquin, Hobbs, NM 88240List Price—Sale to List—Days on Market41 days5915 San Joaquin, Hobbs, NM 88240
See all recently sold homes in 88242.
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Schools in 88242
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Mills Elementary School Public • PreK-5 | 401 Students | 1 reviews |
6/10 College Lane Elementary School Public • K-5 | 519 Students | 3 reviews |
3/10 Stone Elementary School Public • PreK-5 | 404 Students | 4 reviews |
Climate's impact on 88242 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 88242.
Flood Factor - Moderate
Flood Factor

Fire Factor - Extreme
Fire Factor

Wind Factor - Minor
Wind Factor

Wind likelihood over time
Heat Factor - Major
Heat Factor

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