ZIP 88240 · Hobbs, NM
Hobbs, NM
Monthly housing intelligence for ZIP 88240, Hobbs, NM. As of the latest 2026 data.
Median Listing
Active Listings
Days on Market
Price Reduced
Primary Intelligence Tool — Sold Score™
Will your home sell in today's Hobbs, NM market?
Sold Score™ analyzes 40+ ZIP-level data points to estimate your home's probability of sale within 60 days in Hobbs, NM.
Market Analysis
ZIP 88240 market outlook.
Median listing prices in ZIP 88240 are $391,625 with 41 active listings and a typical 77-day time on market.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 4 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.
Additional Metrics
New listings
20
YoY -37.5%
Pending listings
57
Pending ratio 1.41 (pending ÷ active)
Active listings
41
Total − pending
Median $ / sqft
$155
YoY +3.2%
Median sqft
2,158
Average listing price
$370,912
YoY +24.3%
Total listings
98
Active + pending
Recommended For This Market
Seller's MarketSelling in Hobbs, NM (88240)? Homes here are taking 30 days longer to sell than last year.
Demand in Hobbs, NM (88240) is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.
- Buyer Demand Index
- 141%
- Median Days on Market
- 77 days
- Inventory YoY
- +31%
Demand is strong in Hobbs, NM (88240). Check your Sold Score before you price — conditions this favorable don't hold forever.
See how fast my home should sell →Prefer the data first? Get the monthly Hobbs, NM (88240) briefing and watch the market before you list.
How the Sold Score works →Agents: no featured expert covers Hobbs, NM (88240) yet — claim this market →
The Monthly Briefing
Stay ahead of the Hobbs, NM market.
One email per month: median price, inventory, and what's moving the Roswell, NM housing market.
Nearby ZIPs
Recent history
| Month | Median price | Active | DOM | Pending ratio |
|---|---|---|---|---|
| July 2026 | $391,625 | 41 | 77 | 1.41 |
| June 2026 | $368,725 | 41 | 69 | 1.52 |
| May 2026 | $349,950 | 47 | 53 | 1.34 |
| April 2026 | $378,000 | 45 | 53 | 1.44 |
| March 2026 | $327,500 | 41 | 50 | 1.49 |
| February 2026 | $319,975 | 41 | 40 | 1.47 |
| January 2026 | $315,000 | 35 | 59 | 1.49 |
| December 2025 | $328,500 | 35 | 57 | 1.29 |
About this ZIP report
1. Housing Market Intelligence
We analyze inventory, pending contracts, days on market, and price pressure across U.S. metros and ZIPs — refreshed continuously.
2. Sold Score™
That intelligence is distilled into a single, address-level answer to the question owners actually ask: will my home sell?
3. Local Market Experts
When you're ready to act, we connect you with a vetted local agent who knows the conditions behind your score.