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Hobbs, NM 88240 Real Estate & Property Data

Hobbs, NM 88240 Real Estate Market Trends

Last Updated: September 06, 2025

A total of 449 residential properties have been sold over the past 12 months in 88240. With a median sales price of $211,625 in 88240 and a total of 1 foreclosures in Hobbs, NM 88240. Discover market trends and get the granular level real estate data for Hobbs, NM 88240 to keep your pulse on the housing market. Curate compelling home reports for Hobbs, NM 88240 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Hobbs, NM 88240 Real Estate Market Trends

Get property data for any address in Hobbs, NM 88240 or the country:

Total Residential Properties 15,557

Total Commercial Properties 140

Avg. Home Age (Single Family Home) 52 Years

Avg. Square Feet (Single Family Home) 1,541

Total 2025 Residential Sales (year-to-date) 201

% of Homes Seriously Underwater (Q3 2025) 1.41%

Total 2024 Residential Sales 428

% of Equity Rich Homes (Q3 2025) 5.24%

Effective 2024 Property Tax 0.53%

Total Foreclosure Filings (year-to-date) 10

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Hobbs, NM 88240 Real Estate Overview

There were 449 residential properties sold in the past year in Hobbs, NM 88240. The median home value in Hobbs, NM 88240 is $158,700. There are a total of 15,557 residential properties in the 88240.

Median Sales Price i

$211,625

(Jun 2025)

-16.1%

year-over-year

y-o-y

June '25 Jun '25 $211,625
May '25 May '25 $221,469
April '25 Apr '25 $262,538
March '25 Mar '25 $232,178
February '25 Feb '25 $240,176
January '25 Jan '25 $304,063
December '24 Dec '24 $233,550
November '24 Nov '24 $201,206
October '24 Oct '24 $191,500
September '24 Sep '24 $239,620
August '24 Aug '24 $225,938
July '24 Jul '24 $200,447

Median Down Payment i

$12,500

(Jun 2025)

-1.1%

year-over-year

y-o-y

June '25 Jun '25 $12,500
May '25 May '25 $29,688
April '25 Apr '25 $17,683
March '25 Mar '25 $11,218
February '25 Feb '25 $40,929
January '25 Jan '25 $62,775
December '24 Dec '24 $14,981
November '24 Nov '24 $11,663
October '24 Oct '24 $26,719
September '24 Sep '24 $26,386
August '24 Aug '24 $29,004
July '24 Jul '24 $35,625

Number of Homes Sold i

38

(Jun 2025)

+22.6%

year-over-year

y-o-y

June '25 Jun '25 38
May '25 May '25 25
April '25 Apr '25 37
March '25 Mar '25 35
February '25 Feb '25 26
January '25 Jan '25 40
December '24 Dec '24 39
November '24 Nov '24 34
October '24 Oct '24 28
September '24 Sep '24 34
August '24 Aug '24 42
July '24 Jul '24 40

Number of Purchase Loans i

28

(Jun 2025)

+21.7%

year-over-year

y-o-y

June '25 Jun '25 28
May '25 May '25 20
April '25 Apr '25 27
March '25 Mar '25 22
February '25 Feb '25 20
January '25 Jan '25 21
December '24 Dec '24 24
November '24 Nov '24 20
October '24 Oct '24 28
September '24 Sep '24 24
August '24 Aug '24 28
July '24 Jul '24 21

Number of REFI Loans i

17

(Jun 2025)

-29.2%

year-over-year

y-o-y

June '25 Jun '25 17
May '25 May '25 16
April '25 Apr '25 24
March '25 Mar '25 19
February '25 Feb '25 12
January '25 Jan '25 16
December '24 Dec '24 14
November '24 Nov '24 16
October '24 Oct '24 33
September '24 Sep '24 12
August '24 Aug '24 20
July '24 Jul '24 15

Number of HELOC Loans i

5

(Jun 2025)

+25%

year-over-year

y-o-y

June '25 Jun '25 5
May '25 May '25 3
April '25 Apr '25 4
March '25 Mar '25 4
February '25 Feb '25 6
January '25 Jan '25 4
December '24 Dec '24 4
November '24 Nov '24 7
October '24 Oct '24 6
September '24 Sep '24 6
August '24 Aug '24 5
July '24 Jul '24 3

Hobbs, NM 88240 Real Estate Market Overview

Last 30 days

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Hobbs, NM 88240 Foreclosure Activity

There were a total of 1 Hobbs, NM 88240 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i

1

(Jun 2025)

year-over-year

y-o-y

June '25 Jun '25 1
May '25 May '25 3
April '25 Apr '25 N/A
March '25 Mar '25 3
February '25 Feb '25 2
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 5
July '24 Jul '24 2

Completed Foreclosures (REOs) i

1

(Jun 2025)

June '25 Jun '25 1
May '25 May '25 1
April '25 Apr '25 1
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 3
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 1
July '24 Jul '24 N/A

Nearby Zip Codes

1. 88242

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