Photo: Ken Lund from Reno, Nevada, USA · CC BY-SA 2.0365 homes sold in Hobbs in the last year, at a typical $275K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Hobbs homes are listed.
Every place Hobbs homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Hobbs.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 93% of Hobbs’ sales, at a typical $279K
365 homes sold in the year to May 2026.
typical sale · 339 sold in 12 months
- Per square foot
- $156NM $212
- Days to sell
- 16
- Sold over asking
- 0%
- Listings with a price cut
- 22%
Multi-family (2–4 units): 9 sold, typical $327K
Townhouses: 17 sold, typical $208K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.5 times the 2016 price
365 sales in the last year, against 496 in 2021 and a low of 185 in 2013. The typical sale went from $178K in 2016 to $275K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Hobbs
Check a listing against what Hobbs homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Hobbs are back to pre-pandemic levels, but 62% fewer homes come up for sale
We read every month of Hobbs’ home sales since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 365 sales.
If you’re buying in Hobbs
- Shop in January. It brings about 36 new listings a month, close to the busiest month, with fewer bidding wars (0% over asking).
- Offer under asking. Buyers paid 86.2% of the list price on average; 0% paid over.
- Move fast on good ones. 55% of homes are under contract within two weeks.
Summer brings the homes; winter brings the bidding wars
July has the most new listings (about 39 a month), but December is the most competitive: 0% of December sales close over asking. January and February offer nearly as much choice with fewer homes bid up (0%). January has the least competition (0%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like New Mexico as a whole
| Hobbs now | 2017–19 | 2021 peak | NM now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 0% | 0% | 0% | 3% |
| Gone within two weeksShare of homes under contract within 14 days | 55% | 1% | 1% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 21% | — | — | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 86.2% | 94% | — | 96.5% |
| Days to sellMedian days from listing to contract | 17 | 89 | 69 | 64 |
47 homes for sale on a typical day
That’s 62% fewer than in 2017–19 and well under 2021’s 135.
1 in 5 listings has cut its price
21% in the last year, against — in 2017–19 and 21% across New Mexico.
Hobbs ranks 10th of 24 busy New Mexico markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Hobbs is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2013 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Hobbs home costs about $1,549 a month
Price: Hobbs’ typical sale, last 12 months. Property tax at Hobbs’ 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Hobbs is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 25.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $275K home, about $1,370 a year.
Taxes vs. neighborsSchools
The schools grade for Hobbs, from test results, graduation and how much students grow.
Schools in HobbsCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Lovington sells for less a square foot
The busier markets within 25 miles of Hobbs, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Hobbs | 365 | $275K | $155 | 0% | 17 |
| Lovington | 79 | $226K | $143 | 0% | 28 |
| North Hobbs | 50 | $348K | $180 | 0% | 36 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Hobbs, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Hobbs. People who follow the town see it, and so do people comparing Hobbs with their own town. No commission, no listing fee.
Questions about buying a home in Hobbs
What do homes sell for in Hobbs, NM?
365 homes sold in the year to May 2026 at a typical $275K, $155 a square foot.
Is Hobbs a buyer’s or seller’s market?
A seller’s market: 35 homes were for sale in May 2026 and 28 sold, about 1.3 months of supply. Buyers paid 86.2% of asking on average, and 21% of listings cut their price.
When is the best time to buy in Hobbs?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Hobbs?
About 0.5% of a home’s value a year. On a $275K home that’s near $1,370.
Where can I see homes for sale in Hobbs?
Zillow, Redfin, Realtor.com and Homes.com all carry Hobbs’ MLS listings; the search links above open each one filtered to Hobbs.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).