Explore Similar Condos Within 25 Miles of Hobbs, NM
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Why Live in Hobbs



Hobbs, a regional commercial hub in southeast New Mexico, lies less than 2 miles from the Texas border. The Hobbs neighborhood is known for its strong sense of connection among residents and a slower-paced lifestyle compared to larger cities. The housing market features midcentury ranch-style homes and contemporary properties, with recent subdivisions offering a range of options from duplexes to luxury homes. Hobbs has a semi-arid climate, with hot summers and temperatures often reaching triple digits. While crime rates have fluctuated, the area remains comparable to the national average. Hobbs High School is renowned for its successful boys' and girls' basketball teams. The city offers various attractions, including shopping and dining along Turner Street/Lovington Highway and Marland Boulevard, with a notable emphasis on Mexican and Tex-Mex cuisine. Zia Park Casino and Racetrack is a key local employer and entertainment venue. Green spaces are limited but include Del Norte Park and McAdams Park, which offer sports fields, picnic areas, trails, and an aquatic park. The CORE Center of Recreational Excellence provides indoor pools, a climbing wall, and fitness equipment, while Rockwind Community Links golf course features 27 holes. Annual events such as Veterans' Day and Christmas Parades, along with the Lea County Fair and PRCA Rodeo, add to the local charm. U.S. Highways 62 and 180 connect Hobbs to nearby cities, and Lea County Regional Airport offers daily flights to Houston and Denver.
Home Trends in Hobbs, NM
On average, homes in Hobbs, NM sell after 47 days on the market compared to the national average of 50 days. The median sale price for homes in Hobbs, NM over the last 12 months is $273,625, up 5% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$273,625
Median Single Family Sale Price
$271,500
Median Townhouse Sale Price
$104,500
Average Price Per Sq Ft
$144
Number of Homes for Sale
41
Last 12 months Home Sales
420
Months of Supply
1.20
Median List Price
$275,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%