Is Hobbs, NM 88242 a buyer’s or seller’s market?
Hobbs is a seller’s market. With about 1.9 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 supply1.9Under 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 market22Listing to accepted offer
Median price per sq ft$198▲ +10.9% vs. last year
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Nearby markets
Eunice 88231 $122 /sq ftHobbs 88240Seller’s market $148 /sq ftJal 88252Seller’s market $121 /sq ftLovington 88260Seller’s market $165 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology