Are home prices going up or down in Hobbs, NM?
In Hobbs, NM, the typical home sold for $279,950 during May 2026. That is 3% higher than the same stretch a year ago, so prices are up.
Over the last 36 months the typical sale price in Hobbs, NM went from $215,000 to $279,950 — up 30%.
The high point was $302,500, reached in September 2025. Today's typical sale is 7% below that.
Measured by size, homes in Hobbs, NM are selling for about $153 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Hobbs, NM area, through May 2026.
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More about the Hobbs, NM market
- When is the best month to sell a house in Hobbs, NM?
- How long does it take to sell a house in Hobbs, NM?
- Do homes sell above asking price in Hobbs, NM?
- Is Hobbs, NM a buyer's market or a seller's market?
- How many homes are for sale in Hobbs, NM?
- All Hobbs, NM housing numbers
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Figures come from Redfin's published market data for the Hobbs, NM area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.