Real-Time Real Estate Market Report
Hobbs, NM
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Hobbs, NM
Thu Apr 16 2026
This week the median list price for Hobbs, NM is $408,500 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 46.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $408,500 | |
| Median Price of New Listings | $305,000 | |
| Per Square Foot | $163 | |
| Average Days on Market | 91 | |
| Median Days on Market | 74 | |
| Price Decreased | 28% | |
| Price Increased | 2% | |
| Relisted | 4% | |
| Inventory | 46 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $668,500 | 3,750 | 0 - 4,500 sqft | 4 | 3 | 43 | 0 | 0 | 70 |
| $445,000 | 2,545 | 4,500 - 6,500 sqft | 4 | 2.5 | 7 | 1 | 1 | 77 |
| $373,950 | 2,112 | 6,500 - 8,000 sqft | 3 | 2 | 9 | 2 | 3 | 87 |
| $180,000 | 1,228 | 6,500 - 8,000 sqft | 3 | 1.5 | 71 | 2 | 6 | 21 |