Hobbs Real Estate Market
The median mortgage debt is $38,121.
Hobbs, NM Price Trends - Sold vs. Listed
The median list price in May for single family homes in Hobbs is $162,400. The list prices dropped by -9.37% from the previous month.
The price per square foot for listings in this area is $83.
Hobbs, NM Market Inventory Trends
The number of active listings in Hobbs increased by 3.8% from the previous month.
The median number of days active properties have been listed is 32. This is significantly shorter than the national average.
Hobbs, NM Property Ownership
The percent of rental properties in Hobbs is 12.72% above the national average which is typical for urban areas.
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