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Hobbs, NM 88242 Real Estate & Property Data

Hobbs, NM 88242 Real Estate Market Trends
Last Updated: September 27, 2025

A total of 97 residential properties have been sold over the past 12 months in 88242. With a median sales price of $449,211 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) 55
% 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 97 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
$449,211
(Jul 2025)
+58.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 $449,211
  • 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
Median Down Payment i
$68,772
(Jul 2025)
+83%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 $68,772
  • 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
Number of Homes Sold i
10
(Jul 2025)
-9.1%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 10
  • 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
Number of Purchase Loans i
3
(Jul 2025)
-66.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 3
  • 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
Number of REFI Loans i
3
(Jul 2025)
+50%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 3
  • 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
Number of HELOC Loans i
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 N/A
  • 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

Hobbs, NM 88242 Real Estate Market Overview

Last 30 days
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  • Street
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Hobbs, NM 88242 Foreclosure Activity

Total Foreclosure Filings i
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 N/A
  • 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
Completed Foreclosures (REOs) i
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '25 Jul '25 N/A
  • 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
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