ZIP 88242 · Hobbs, NM
88242 Hobbs, NM Housing Market
Monthly housing intelligence for ZIP 88242, Hobbs, NM. Latest data: May 2026.
Median listing price
$692,500
MoM +15.4% · YoY +91.0%
Active listings
6
YoY +20.0%
Median days on market
67
YoY +189.1%
New listings
4
YoY +0.0%
Pending listings
16
Pending ratio 2.67
Price reduced share
0.0%
YoY -16.7%
Median $ / sqft
$250
YoY +70.5%
Median sqft
2,425
Average listing price
$878,783
YoY +142.8%
Total listings
22
Nearby ZIPs
Recent history
| Month | Median price | Active | DOM | Pending ratio |
|---|---|---|---|---|
| May 2026 | $692,500 | 6 | 67 | 2.67 |
| April 2026 | $600,000 | 6 | 46 | 2.82 |