Real-Time Real Estate Market Report
Hobbs, NM
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Hobbs, NM
Sat Jul 25 2026
This week the median list price for Hobbs, NM is $397,900 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has held steady at or around 49.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $397,900 | |
| Median Price of New Listings | $265,000 | |
| Per Square Foot | $153 | |
| Average Days on Market | 115 | |
| Median Days on Market | 98 | |
| Price Decreased | 35% | |
| Price Increased | 0% | |
| Relisted | 10% | |
| Inventory | 49 | |
| Median Rent | ||
| Market Action | 46 | |
| Strong Seller's Market | ||
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
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 |
|---|---|---|---|---|---|---|---|---|
| $652,000 | 3,710 | 8,000 - 10,000 sqft | 4 | 3 | 46 | 0 | 1 | 147 |
| $419,500 | 2,294 | 4,500 - 6,500 sqft | 4 | 2.5 | 10 | 1 | 0 | 91 |
| $350,000 | 2,109 | 8,000 - 10,000 sqft | 3 | 2 | 58 | 2 | 0 | 73 |
| $220,000 | 1,732 | 6,500 - 8,000 sqft | 3 | 2 | 67 | 4 | 0 | 35 |