Is Hobbs, NM 88240 a buyer’s or seller’s market?
Hobbs is a seller’s market. With about 1.5 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.5Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$148▼ −2.1% vs. last year
Run the numbers for 88240
Nearby markets
Eunice 88231 $122 /sq ftHobbs 88242Seller’s market $198 /sq ftJal 88252Seller’s market $121 /sq ftLovington 88260Seller’s market $165 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology