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 a pending ratio of 1.34 indicating robust demand relative to available inventory. This strong absorption dynamic is evident despite a significant year-over-year contraction in the pending ratio.
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.
Active listings have expanded by 41.3% over the past year, reaching 65 units, even as new listings declined by 31.8% year-over-year. The median listing price has increased by 5.4% over the past year, though it saw a month-over-month decline of 7.1%. Median days on market have lengthened by 40.1% year-over-year to 74 days, while the share of price-reduced listings decreased by 5.5% over the same period.
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 elevated pending ratio suggests a fast pace of absorption, putting upward pressure on property acquisition timelines. While inventory levels have expanded over the past year, the strong demand indicated by the pending ratio implies that price discipline remains critical for sellers seeking timely transactions. Buyers may encounter competitive conditions given the current demand-supply imbalance.
The average listing price in Hobbs, NM has increased by 23.2% year-over-year, reaching $403,637, significantly outpacing the 5.4% year-over-year growth in the median listing price. This disparity suggests a shift in the composition of available inventory or stronger pricing power within higher price tiers.
65 active listings represent the current floor, with new supply arriving at roughly 30 per month.
of active listings carry a price reduction, -5.5% from prior period.
Median price per square foot has moved +2.9% year-over-year.
Pending-to-active ratio — Very Competitive.
Recommended For This Market
Very CompetitiveSelling in Hobbs, NM? Homes here are taking 21 days longer to sell than 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
- 134%
- Median Days on Market
- 74 days
- Inventory YoY
- +41%
Demand is strong in Hobbs, NM. Check your Sold Score before you price — conditions this favorable don't hold forever.
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