Unshakable ZIP Data 88242 | Hobbs, NM Housing Market
Hobbs · Lea County · Hobbs, NM metro · New Mexico · Data updated June 19, 2026
The median sale price in ZIP 88242, Hobbs, New Mexico is $377,388 at $181 per square foot. 19 single-family homes sold in the latest period, up 3.0 percent from a year earlier. Homes sit a median of 46 days on market with 0.9 months of supply. 0.0 percent of homes sold above asking.
Balanced market.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $292,982 | |
| Average price per sq ft | $141 | |
| Median sale price | $377,388 | |
| Median sale price per sq ft | $181 | |
| Median home size | 2,083 sq ft | |
| Median new listing price | $354,470 | -0.1% |
| National size rank | 11,639 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 19 | +3.0% |
| Median days on market | 46 days | |
| Months of supply | 0.9 months | |
| New listings | 22 | +71.8% |
| Active listings | 28 | +49.3% |
| Pending sales | 18 | -4.0% |
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.
3-bedroom
$312,676
These figures describe the single-family market for Hobbs, New Mexico ZIP 88242. They are market context, not a substitute for sold comps or a formal appraisal.