What homes for sale in Hobbs, New Mexico cost right now, how long they are sitting, and what it means for buyers and sellers. Updated October 22, 2026.
The median list price for a home in Hobbs, New Mexico is $332,400, across 76 single-family houses, townhomes and condos for sale on the New Mexico MLS on October 22, 2026. The typical home for sale has 3 bedrooms and about 2,022 square feet, listed at $169 per square foot.
These are asking prices. New Mexico MLS rules do not allow sold data to be published on a public website, so these pages use homes currently for sale. For what homes like yours have actually sold for, ask Mindy for a private comparative market analysis.
Hobbs is closer to balanced right now. On October 22, 2026, the typical listing has been on the market 48 days, the shortest of the six towns we track, though 45% of sellers have still cut their price.
How we judge it: a market where homes sit for months and many sellers reduce their price gives buyers room to negotiate; a market where listings are new and price cuts are rare favors sellers. 29 of the 76 homes for sale came on the market in the last 30 days.
Homes for sale in Hobbs on October 22, 2026, by list price:
26 of them have four or more bedrooms, and 12 were built in 2020 or later. Search all homes for sale with your own filters.
Beyond houses, townhomes and condos, Hobbs had 75 land listings, 5 mobile homes, 1 multi-family property and 1 farm or ranch listing for sale on October 22, 2026, for 195 active listings in all.
Median list price of homes for sale on October 22, 2026:
See all six towns side by side in New Mexico Market Insights.
Source: Dynamic Properties of New Mexico analysis of active listings on the New Mexico MLS (NMMLS) as of October 22, 2026, grouped by the city in the listing address, which includes homes just outside city limits. "Homes" means single-family houses, townhomes and condos; land, mobile homes, multi-family and farm listings are counted separately. All prices are list prices, not sale prices. Listing data is deemed reliable but not guaranteed.
For Sale
2100 N Fowler St Hobbs, NM 88240
$329,900
For Sale
4812 Grey Ghost Rd Hobbs, NM 88240
$315,000
For Sale
1136 E Aventura Hobbs, NM 88240
$412,000
For Sale
1934 Rojo Hobbs, NM 88240
$248,000
For Sale
7715 Grimes Hobbs, NM 88242
$425,000
For Sale
220 St Anne Pl Hobbs, NM 88240
$240,000
Questions
The median list price for a home in Hobbs, New Mexico was $332,400 on October 22, 2026, across 76 single-family houses, townhomes and condos for sale on the New Mexico MLS. That works out to about $169 per square foot for a typical 2,022 square foot home. These are asking prices; final sale prices can differ.
By the listing data, Hobbs is closer to balanced in October 2026: the typical listing has been on the market 48 days, the shortest of the six towns we track, though 45% of sellers have still cut their price. 29 homes came on the market in the last 30 days. Every street is different, so Mindy Longmire can tell you how a specific home or price range is moving.
76 single-family houses, townhomes and condos were listed for sale in Hobbs on October 22, 2026. Counting every listing type, including 75 land listings and 5 mobile homes, there were 195 active listings.
On October 22, 2026, 28 of the 76 homes for sale in Hobbs were listed under $250,000, including 7 under $150,000. 20 were listed between $250,000 and $400,000, and 28 at $400,000 or more. Search every listing to see them.
New Mexico MLS rules do not allow sold data to be published on a public website, so these pages use homes currently for sale. For what homes like yours have actually sold for, ask Mindy for a private comparative market analysis. Call (575) 626-5411 or request a home valuation.
Tell Mindy what you are looking for, or what you are thinking of selling, and she will send you what homes like it are listed and selling for.