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Hobbs, NM 88242 Real Estate & Property Data

Hobbs, NM 88242 Real Estate Market Trends

Last Updated: September 06, 2025

A total of 92 residential properties have been sold over the past 12 months in 88242. With a median sales price of $270,072 in 88242. Discover market trends and get the granular level real estate data for Hobbs, NM 88242 to keep your pulse on the housing market. Curate compelling home reports for Hobbs, NM 88242 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Hobbs, NM 88242 Real Estate Market Trends

Get property data for any address in Hobbs, NM 88242 or the country:

Total Residential Properties 4,003

Total Commercial Properties 18

Avg. Home Age (Single Family Home) 41 Years

Avg. Square Feet (Single Family Home) 2,007

Total 2025 Residential Sales (year-to-date) 45

% of Homes Seriously Underwater (Q3 2025) 1.58%

Total 2024 Residential Sales 115

% of Equity Rich Homes (Q3 2025) 6.84%

Effective 2024 Property Tax 0.54%

Total Foreclosure Filings (year-to-date) 2

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Hobbs, NM 88242 Real Estate Overview

There were 92 residential properties sold in the past year in Hobbs, NM 88242. The median home value in Hobbs, NM 88242 is $241,721. There are a total of 4,003 residential properties in the 88242.

Median Sales Price i

$270,072

(Jun 2025)

+28.6%

year-over-year

y-o-y

June '25 Jun '25 $270,072
May '25 May '25 N/A
April '25 Apr '25 $269,637
March '25 Mar '25 $332,493
February '25 Feb '25 $254,247
January '25 Jan '25 $288,460
December '24 Dec '24 $407,500
November '24 Nov '24 $286,324
October '24 Oct '24 $307,750
September '24 Sep '24 $343,210
August '24 Aug '24 $254,374
July '24 Jul '24 $283,882

Median Down Payment i

$10,684

(Jun 2025)

-90.3%

year-over-year

y-o-y

June '25 Jun '25 $10,684
May '25 May '25 N/A
April '25 Apr '25 $9,437
March '25 Mar '25 $80,844
February '25 Feb '25 $37,583
January '25 Jan '25 $54,000
December '24 Dec '24 $81,500
November '24 Nov '24 $30,646
October '24 Oct '24 $36,091
September '24 Sep '24 $39,346
August '24 Aug '24 $11,430
July '24 Jul '24 $37,588

Number of Homes Sold i

14

(Jun 2025)

+180%

year-over-year

y-o-y

June '25 Jun '25 14
May '25 May '25 4
April '25 Apr '25 4
March '25 Mar '25 10
February '25 Feb '25 6
January '25 Jan '25 7
December '24 Dec '24 5
November '24 Nov '24 7
October '24 Oct '24 6
September '24 Sep '24 4
August '24 Aug '24 9
July '24 Jul '24 11

Number of Purchase Loans i

8

(Jun 2025)

+33.3%

year-over-year

y-o-y

June '25 Jun '25 8
May '25 May '25 1
April '25 Apr '25 3
March '25 Mar '25 9
February '25 Feb '25 8
January '25 Jan '25 5
December '24 Dec '24 3
November '24 Nov '24 8
October '24 Oct '24 7
September '24 Sep '24 2
August '24 Aug '24 8
July '24 Jul '24 9

Number of REFI Loans i

8

(Jun 2025)

+100%

year-over-year

y-o-y

June '25 Jun '25 8
May '25 May '25 6
April '25 Apr '25 1
March '25 Mar '25 3
February '25 Feb '25 3
January '25 Jan '25 2
December '24 Dec '24 8
November '24 Nov '24 3
October '24 Oct '24 6
September '24 Sep '24 6
August '24 Aug '24 6
July '24 Jul '24 2

Number of HELOC Loans i

1

(Jun 2025)

year-over-year

y-o-y

June '25 Jun '25 1
May '25 May '25 1
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 1
January '25 Jan '25 2
December '24 Dec '24 1
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 9

Hobbs, NM 88242 Real Estate Market Overview

Last 30 days

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Street
Street

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4
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6

Hobbs, NM 88242 Foreclosure Activity

Total Foreclosure Filings i

June '25 Jun '25 N/A
May '25 May '25 1
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 1
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 1
September '24 Sep '24 1
August '24 Aug '24 N/A
July '24 Jul '24 1

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 1
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A

Nearby Zip Codes

1. 88240

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