50 homes sold in North Hobbs in the last year, at a typical $348K
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 North Hobbs homes are listed.
Every place North 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 North 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 96% of North Hobbs’ sales, at a typical $345K
50 homes sold in the year to May 2026.
typical sale · 48 sold in 12 months
- Per square foot
- $181NM $212
- Days to sell
- 36
- Sold over asking
- 0%
- Listings with a price cut
- 25%
Multi-family (2–4 units): 2 sold, typical $400K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 1.5 times the 2016 price
50 sales in the last year, against 52 in 2021 and a low of 27 in 2013. The typical sale went from $228K in 2016 to $348K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in North Hobbs
Check a listing against what North 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 North Hobbs are back to pre-pandemic levels, but 40% fewer homes come up for sale
We read every month of North 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, 50 sales.
If you’re buying in North Hobbs
- Shop in January. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (0% over asking).
- You’ll usually have time. Only 41% of homes go under contract within two weeks; the typical one takes 36 days.
Fall brings the homes; summer brings the bidding wars
October has the most new listings (about 5 a month), but August is the most competitive: 2% of August sales close over asking. January offers 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
| North 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 | 41% | 1% | 0% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 24% | — | — | 21% |
| Price paid vs. askingAverage sale price ÷ list price | — | — | — | 96.5% |
| Days to sellMedian days from listing to contract | 36 | 95 | 68 | 64 |
8 homes for sale on a typical day
That’s 40% fewer than in 2017–19 and well under 2019’s 14.
1 in 4 listings has cut its price
24% in the last year, against — in 2017–19 and 21% across New Mexico.
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 North Hobbs home costs about $1,955 a month
Price: North Hobbs’ typical sale, last 12 months. Property tax at North 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 North Hobbs is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in October
The month with the most choice. December has the fewest, about 3.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $348K home, about $1,680 a year.
Taxes vs. neighborsSchools
The schools grade for North Hobbs, from test results, graduation and how much students grow.
Schools in North HobbsTypical commute
The average one-way trip to work for people who live in North Hobbs.
Work & commuteCheck 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.
Hobbs and Lovington sell for less a square foot
The busier markets within 25 miles of North 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 North Hobbs, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to North Hobbs. People who follow the town see it, and so do people comparing North Hobbs with their own town. No commission, no listing fee.
Questions about buying a home in North Hobbs
What do homes sell for in North Hobbs, NM?
50 homes sold in the year to May 2026 at a typical $348K, $180 a square foot.
Is North Hobbs a buyer’s or seller’s market?
A seller’s market: 4 homes were for sale in May 2026 and 2 sold, about 2 months of supply., and 24% of listings cut their price.
When is the best time to buy in North Hobbs?
October brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in North Hobbs?
About 0.5% of a home’s value a year. On a $348K home that’s near $1,680.
Where can I see homes for sale in North Hobbs?
Zillow, Redfin, Realtor.com and Homes.com all carry North Hobbs’ MLS listings; the search links above open each one filtered to North 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).