Hobbs, NM Homes for Sale under $500,000

/35
$420,000
- 4 Beds
- 2.5 Baths
- 2,521 Sq Ft
2102 E Parkwood Ave, Oil Center, NM 88240

Beautiful two-story home in the Tanglewood subdivision! This spacious home features a well-designed split floor plan with 4 bedrooms, 2 full bathrooms, and a convenient half bath downstairs. Enjoy an open-concept living area , along with a second living space and an upstairs loft. The kitchen features a large island and pantry. Enjoy the covered patio overlooking a spacious backyard. This home

LADONNA SANCHEZ UNITED REALTY, LLC - HOBBS

2102 E Parkwood Ave, Oil Center, NM 88240
Explore Hobbs
/63
$450,000
- 3 Beds
- 2 Baths
- 3,942 Sq Ft
900 N Pecan Dr, Hobbs, NM 88240

This 3 bed / 2 bath home offers just under 4,000 square feet and sits on a beautifully landscaped .41 acre lot right in town. From the moment you pull up, the curb appeal stands out with mature trees, lush grass, and vibrant flowering plants. Inside, you’ll love the character; beautiful architecture, exposed beams, and open living spaces filled with natural light from all the windows. The layout

Sarah Mackay Rivas Real Estate Team Co.

900 N Pecan Dr, Hobbs, NM 88240
/31
$430,000
- 4 Beds
- 2 Baths
- 2,039 Sq Ft
2907 N Del Sol Cir, Hobbs, NM 88240

Come fall in love with this 4 bedroom 2 bath beautiful home. Featuring a spacious layout, this property offers comfortable living with a well designed kitchen, ample natural light and inviting living space. The backyard provides the perfect setting for entertaining or unwinding after a long day

Crystal Chavez UNITED REALTY, LLC - HOBBS

2907 N Del Sol Cir, Hobbs, NM 88240
/20
$445,000
- 4 Beds
- 2.5 Baths
- 2,545 Sq Ft
2933 N Amor Ave, Hobbs, NM 88240

Beautiful modern 4-bedroom, 3-bath home featuring granite countertops, luxury soft-close cabinetry, and stainless-steel gas appliances. Stunning exterior stone accents add upscale curb appeal. Enjoy outdoor living on the covered back patio. Move-in-ready and designed for comfortable, modern living. Please call us to set up a private home tour.

Martha Thomas Casa Oasis Realty

2933 N Amor Ave, Hobbs, NM 88240
/19
$435,000
- 4 Beds
- 2.5 Baths
- 2,601 Sq Ft
1728 E Tanglewood Ave, Hobbs, NM 88240

This beautiful newer home offering 4 spacious bedrooms and 2.5 bathrooms, thoughtfully designed with a functional and inviting layout. The open floor plan provides comfortable living and entertaining spaces, while the upstairs loft adds flexibility and perfect for a second living area, home office, or playroom. Step outside to enjoy the backyard, complete with a playground that’s ready for fun

Jorden Palacios Elite Real Estate

1728 E Tanglewood Ave, Hobbs, NM 88240
/6
$420,000
- Land
- 45.05 Acres
- $9,323 per Acre
TBD E Starlight Rd, Hobbs, NM 88240

45 Acres of Land for Sale, Owner finance available with flexible terms

Cesar Jimenez Rivas Real Estate Team Co.

TBD E Starlight Rd, Hobbs, NM 88240
/2
$425,000
- Land
- 7.25 Acres
- $58,621 per Acre
7810 N World Dr, Hobbs, NM 88242

Cindy Shoobridge ROBINSON & ASSOCIATES REAL ESTATE

7810 N World Dr, Hobbs, NM 88242
/2
$400,000
- Land
- 1.27 Acres
- $314,961 per Acre
TBD N Alto Dr, Hobbs, NM 88240

Prime vacant land opportunity located conveniently near the Post Office and Magistrate Court, NM State Building. This strategically positioned property offers 1/27 acres, ideal for potential uses such as commercial development. Don't miss this chance to invest in a highly desirable location with endless potential.

Jennifer Contreras Pyeatt Contreras Real Estate Specialists

TBD N Alto Dr, Hobbs, NM 88240
/3
$408,000
- 4 Beds
- 3 Baths
- 2,136 Sq Ft
2924 N Cielo Azul, Hobbs, NM 88240

Brand new 4-bedroom, 3-bath home featuring a modern open-concept design and quality finishes throughout. The spacious kitchen flows seamlessly into the main living area, perfect for entertaining. The primary suite offers a private bath and walk-in closet, while the additional bedrooms provide flexibility for guests or a home office. Enjoy a beautifully designed layout, energy-efficient features,

Jorden Palacios Elite Real Estate

2924 N Cielo Azul, Hobbs, NM 88240
/3
$435,600
- Land
- 1 Acre
- $435,600 per Acre
000 Lot 21, Hobbs, NM 88240

Suerte Land Group now offers a variety of different land options to accommodate your next development. Situated in a vastly growing area in the heart of Lea County, this land is surrounded by large facilities including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, Lea County Event Center, NMJC, and much more. Lot 21 is located on Suerte

Kali Taylor CORE REALTY GROUP

000 Lot 21, Hobbs, NM 88240
/3
$500,000
- Land
- 20 Acres
- $25,000 per Acre
TBD W Cope Place, Hobbs, NM 88242

Prime Development Opportunity | 20± Acres with High Capacity Irrigation Well and Water Rights Approximately 20 acres to be sold off a larger farm offering a rare combination of water access and development potential. Property includes a high capacity irrigation well approximately 200 feet deep with water encountered around 130 feet and a reported production of approximately 700 GPM plus 21.595

Matthew Smith Found Real Estate

TBD W Cope Place, Hobbs, NM 88242
/20
$498,000
- 4 Beds
- 3.5 Baths
- 2,294 Sq Ft
2121 E Cliffwood Cir, Hobbs, NM 88240

NEW LISTING in the Tanglewood Sub-Division! Built in 2021, this property blends modern comfort with timeless curb appeal. This 4-bedroom, 3.5-bathroom home combines a functional 2,294-square-foot layout. The oversized backyard and covered patio offer plenty of room for entertaining or play, all while being just minutes from shopping, restaurants, and schools. CALL TODAY!!

LEEROY RIVAS Rivas Real Estate Team Co.

2121 E Cliffwood Cir, Hobbs, NM 88240
/2
$415,000
- 4 Beds
- 2 Baths
- 2,098 Sq Ft
5103 W Longtail Rd, Hobbs, NM 88240

NEW CONSTRUCTION GOING UP AT ZIA CROSSING! This 4 bed/ 2 bath Home is the Perfect Blend of Modern Meets Comfort All While Keeping a Spacious Floorplan with Functional Living! Want to Learn More? Call Your Agent Today!

LEEROY RIVAS Rivas Real Estate Team Co.

5103 W Longtail Rd, Hobbs, NM 88240
/26
$460,000
- 4 Beds
- 2.5 Baths
- 2,208 Sq Ft
2113 E Highwood Ave, Hobbs, NM 88240

Welcome to this Beautiful Custom Built 4-bedroom, 2.5-bath home located in the Tanglewood Sub-Division. Offering 2,208 square feet of well-designed living space, this home combines comfort, style, and functionality. Great Location near schools, shopping, and restaurants. Call today to schedule a showing!

KAMELA RIVAS Rivas Real Estate Team Co.

2113 E Highwood Ave, Hobbs, NM 88240
/2
$450,000
- Land
- 1.69 Acres
- $266,272 per Acre
TBD E Sanger St, Hobbs, NM 88240

1.69 ACRES OF PRIME PROPERTY LOCATED ON INTERSECTION OF SANGER AND N. MARLAND. GREAT LOCATION! Located between Hobbs Municipal Training Center and Hobbs Baseball Complex. Owner Finance Avaliable!

Crystal Chavez UNITED REALTY, LLC - HOBBS

TBD E Sanger St, Hobbs, NM 88240
/16
$415,000
- 4 Beds
- 2 Baths
- 2,141 Sq Ft
5017 W Hardtack Rd, Hobbs, NM 88240

Welcome to your dream home in the heart of Hobbs, NM! This stunning 4-bedroom residence combines modern convenience with classic charm. Step into an inviting eat-in kitchen, fully equipped with premium Bosch stainless steel appliances that make cooking a delight. The spacious living room features an elegant accent wall, creating a perfect setting for hosting gatherings or enjoying cozy family

Martha Thomas Casa Oasis Realty

5017 W Hardtack Rd, Hobbs, NM 88240
/18
$425,000
- 3 Beds
- 2 Baths
- 1,767 Sq Ft
5807 S Eunice Hwy Unit ST18, Hobbs, NM 88240

Charming 3-bedroom, 2-bathroom home on approximately 7 acres, perfect for horse lovers or anyone seeking country living with modern comforts. Property features a spacious arena, multiple barns with stalls, a tack room, sectional fencing, and a large covered backyard patio ideal for relaxing or entertaining. A rare find offering both functionality and peaceful rural charm!

Jennifer Contreras Pyeatt Contreras Real Estate Specialists

5807 S Eunice Hwy Unit ST18, Hobbs, NM 88240

New Mexico Lea County Hobbs

Home Trends in Hobbs, NM

On average, homes in Hobbs, NM sell after 78 days on the market compared to the national average of 57 days. The median sale price for homes in Hobbs, NM over the last 12 months is $313,250, down 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$313,250

Median Single Family Sale Price

$312,500

Average Price Per Sq Ft

$174

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.10

Median List Price

$335,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

-1%

How to Buy a Home How to Finance a Home How to Sell a Home

In Hobbs, you'll encounter a variety of homes and houses for sale priced under $500,000, providing affordable options for potential buyers. With 17 listings available, there's a wide selection to explore, from charming bungalows to contemporary townhouses. These properties offer an opportunity to enter the real estate market or diversify your investment portfolio without exceeding your budget. Discover the range of homes for sale under 500k in Hobbs, NM and find the perfect fit for your homeownership goals.

Hobbs Types of Homes for Sale

Hobbs Homes by Price

More About Living in Hobbs

Homes for Sale in Nearby Counties

Lea County Homes for Sale

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