$325,000
- 3 bd
- 2 ba
- 1,850 sqft
4824 W Big Red Rd
Hobbs, NM Housing Market
$211,306
3.6% 1-yrThe average Hobbs, NM home value is $211,306, up 3.6% over the past year, and homes go to pending in around 8 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Hobbs Key Takeaways
Typical Home Values: $211,306
1-Year Value Change: +3.6%
(Data through September 30, 2026)
Hobbs Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 93 ()
New Listings: 38 ()
Median Sale to List Ratio: 0.979 ()
Median Sale Price: $273,833 ()
Median List Price: $344,467 ()
Percent of Sales Over List Price: 14.3% ()
Percent of Sales Under List Price: 64.4% ()
Median Days to Pending: 8 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Hobbs
- NameMedian ZHVI
- East Park$283,992
- Sherwood$219,001
- Scottsdale West$298,110
- Scottsdale$307,047
- Fleetwood$240,104
- Lyndale$225,470
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Hobbs Rental Market Trends
Average Rent: $1,484 ()
National Average Rent: $1,932 ()
Month-Over-Month Change: 1% ()
Year-Over-Year Change: 9.7% ()
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Hobbs, NM?
The median home value in Hobbs, NM is $211,306 as of September 2026. This represents a 0.2% decrease compared to last month and a 3.6% increase year-over-year.
How have home values changed in Hobbs, NM?
Home values in Hobbs, NM have decreased by 0.2% month-over-month and 3.6% year-over-year.
How do home values in Hobbs, NM compare to Lea County, New Mexico, and the national average?
The median home value in Hobbs, NM ($211,306) compares to: Lea County ($196,513), New Mexico ($315,812), and the U.S. national median ($366,157).
