Unshakable ZIP Data 88240 | Hobbs, NM Housing Market
Hobbs · Lea County · Hobbs, NM metro · New Mexico · Data updated June 19, 2026
The median sale price in ZIP 88240, Hobbs, New Mexico is $264,921 at $155 per square foot. 92 single-family homes sold in the latest period, down 7.4 percent from a year earlier. Homes sit a median of 10 days on market with 1.3 months of supply. 0.0 percent of homes sold above asking.
Seller's market. No room for sloppy offers.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $202,213 | |
| Average price per sq ft | $118 | |
| Median sale price | $264,921 | |
| Median sale price per sq ft | $155 | |
| Median home size | 1,715 sq ft | |
| Median new listing price | $262,754 | -3.9% |
| National size rank | 1,596 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 92 | -7.4% |
| Median days on market | 10 days | |
| Months of supply | 1.3 months | |
| New listings | 93 | +3.8% |
| Active listings | 145 | -0.8% |
| Pending sales | 96 | +13.3% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Share sold above list | 0.0% | 0.0 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$159,825
3-bedroom
$242,516
4-bedroom
$341,525
These figures describe the single-family market for Hobbs, New Mexico ZIP 88240. They are market context, not a substitute for sold comps or a formal appraisal.