Metropolitan market · New Mexico · June 2026 data

Hobbs Real Estate Market

The Hobbs, NM housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Hobbs report in a click.

Median listing price
$351,596
▲ 38.0% YoY
Median $ / sq ft
$160
2,095 sq ft median
Median days on market
75
June 2026
Active listings
63
For sale now
New listings
46
June 2026
Listings with price cuts
10%
Share of active
Median sale price (closed)
$279,950
▲ 2.9% YoY · closed sales
Sale-to-list ratio
0.0%
Closed sales
Homes sold / month
40
Closed sales
Median listing price trend
$352K$327K$303K$279K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Hobbs NM · trailing 8 quarters · source: public records and industry data.

The 10-year view
$352K$306K$261K$216K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Hobbs NM · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
63
New this month
46
Pending
98
Price-reduced
6

As of June 2026, the median home listed in Hobbs, NM asks $351,596 — up 38.0% from a year ago. Homes are taking a median of 75 days to go under contract, and 10% of the 63 active listings have taken a price cut, which points to a buyer-leaning market. Figures cover the Hobbs, NM metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
57/100
#313 of 932 covered metros
12-month outlook
+3.0%
▲ Rising · model output, not advice
Momentum
65
Value
51
Rental yield
48
Supply risk
26
Market heat
39

Hobbs scores 57/100 on our composite Investor Score (#313 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 62% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 38.0% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Hobbs ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$1,585/mo
−$180/mo vs today
At today's rate · 6.43%
$1,765/mo
National weekly average
If rates rise 1% · 7.43%
$1,953/mo
+$188/mo vs today

Principal & interest on the $351,596 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
84
▼ 51.2% vs 2024
1.1 per 1,000 residents
Net migration (2022–2023)
-243
▼ people, via tax-return records
net income flow −$26.1M/yr
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

Client-ready report

Send a branded Hobbs market report to your clients.

Open report gallery
Find the best in Hobbs
Directory

Top agents in Hobbs

The producers moving the most volume in Hobbs.

View Directory

Top teams

The groups setting production records nationwide.

View Licensing

Get licensed in New Mexico

Hours, exam and the commission that regulates New Mexico agents.

Read Income

Agent salary in New Mexico

What real estate agents actually earn across New Mexico.

Read

Hobbs market FAQs

What is the median home price in Hobbs?
As of June 2026, the median listing price in Hobbs, NM is $351,596, up 38.0% year over year (source: public records and industry data). Figures cover the Hobbs, NM metro area.
How fast are homes selling in Hobbs?
The median property in Hobbs spends 75 days on the market, with 63 homes actively listed and 10% of them carrying a price cut — a buyer-leaning market by pace.
Who are the top real estate agents in Hobbs?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Hobbs and the wider New Mexico market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Hobbs, NM metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.