Hobbs, NM 88242 Real Estate & Property Data

Hobbs, NM 88242 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 112 residential properties have been sold over the past 12 months in 88242. With a median sales price of $254,247 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
Total Residential Properties 4,002
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) 13
% of Homes Seriously Underwater (Q2 2025) 1.41%
Total 2024 Residential Sales 115
% of Equity Rich Homes (Q2 2025) 6.81%
Effective 2024 Property Tax 0.53%
Total Foreclosure Filings (year-to-date) 1
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Hobbs, NM 88242 Real Estate Overview

There were 112 residential properties sold in the past year in Hobbs, NM 88242. The median home value in Hobbs, NM 88242 is $238,697. There are a total of 4,002 residential properties in the 88242.

Median Sales Price i
$254,247
(Feb 2025)
-10.1%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 $210,000
  • May '24 May '24 $272,180
  • April '24 Apr '24 $308,492
  • March '24 Mar '24 $306,466
Median Down Payment i
$37,583
(Feb 2025)
+43.1%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 $109,628
  • May '24 May '24 $9,526
  • April '24 Apr '24 $11,601
  • March '24 Mar '24 $11,343
Number of Homes Sold i
6
(Feb 2025)
-64.7%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 5
  • May '24 May '24 6
  • April '24 Apr '24 17
  • March '24 Mar '24 12
Number of Purchase Loans i
8
(Feb 2025)
-27.3%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 6
  • May '24 May '24 5
  • April '24 Apr '24 13
  • March '24 Mar '24 10
Number of REFI Loans i
3
(Feb 2025)
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 4
  • May '24 May '24 7
  • April '24 Apr '24 10
  • March '24 Mar '24 4
Number of HELOC Loans i
1
(Feb 2025)
-50%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 1
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 3

Hobbs, NM 88242 Foreclosure Activity

Total Foreclosure Filings i
  • 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
  • June '24 Jun '24 2
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
Completed Foreclosures (REOs) i
  • 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
  • June '24 Jun '24 N/A
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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