Hobbs, NM
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's very competitive Hobbs market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Hobbs, NM.
The Hobbs, NM market is currently classified as Very Competitive, with demand significantly outpacing inventory. The pending ratio stands at 1.46, indicating a robust absorption of available properties, a substantial increase of 15.4% over the past year.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Hobbs market right now.
Median listing prices have shown upward momentum, increasing by 6.4% year-over-year to $340,000. Inventory levels have expanded, with active listings up 25.0% and new listings rising by 63.6% year-over-year. Despite the increase in supply, the strong demand, evidenced by the elevated pending ratio, continues to drive market activity.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
The current market dynamics suggest that properties are moving quickly, and there is significant pressure on available inventory. This environment typically favors quicker transactions and less flexibility for price reductions, indicating that sellers may have greater leverage in negotiations due to the strong pace of demand absorption.
The average listing price has increased significantly by 22.1% over the past year, reaching $405,690, while the median listing price rose by 6.4%. This disparity suggests some upward movement or greater relative demand in the higher price tiers within the market.
65 active listings represent the current floor, with new supply arriving at roughly 72 per month.
of active listings carry a price reduction, -0.4% from prior period.
Median price per square foot has moved +9.0% year-over-year.
Pending-to-active ratio — Very Competitive.
Recommended For This Market
Very CompetitiveSelling in Hobbs, NM? Inventory is up 25% from last year.
Demand in Hobbs, NM is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.
- Buyer Demand Index
- 146%
- Median Days on Market
- 52 days
- Inventory YoY
- +25%
Demand is strong in Hobbs, NM. Check your Sold Score before you price — conditions this favorable don't hold forever.
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