ZIP 88240 · Hobbs, NM
88240 Hobbs, NM Housing Market
Monthly housing intelligence for ZIP 88240, Hobbs, NM. Latest data: May 2026.
Median listing price
$349,950
MoM -7.4% · YoY +47.3%
Active listings
47
YoY +62.1%
Median days on market
53
YoY +3.9%
New listings
28
YoY +16.7%
Pending listings
63
Pending ratio 1.34
Price reduced share
9.2%
YoY +2.4%
Median $ / sqft
$157
YoY +3.1%
Median sqft
2,039
Average listing price
$353,323
YoY +23.0%
Total listings
111
Nearby ZIPs
Recent history
| Month | Median price | Active | DOM | Pending ratio |
|---|---|---|---|---|
| May 2026 | $349,950 | 47 | 53 | 1.34 |
| April 2026 | $378,000 | 45 | 53 | 1.44 |