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Hobbs, NM 88240 Real Estate & Property Data

Hobbs, NM 88240 Real Estate Market Trends

Last Updated: April 27, 2024

A total of 478 residential properties have been sold over the past 12 months in 88240. With a median sales price of $209,727 in 88240 and a total of 2 foreclosures in Hobbs, NM 88240. Discover market trends and get the granular level real estate data for Hobbs, NM 88240 to keep your pulse on the housing market. Curate compelling home reports for Hobbs, NM 88240 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Hobbs, NM 88240 Real Estate Market Trends

Get property data for any address in Hobbs, NM 88240 or the country:

Total Residential Properties 15,495

Total Commercial Properties 159

Avg. Home Age (Single Family Home) 52 Years

Avg. Square Feet (Single Family Home) 1,550

Total 2024 Residential Sales (year-to-date) 34

% of Homes Seriously Underwater (Q2 2024) 1.3%

Total 2023 Residential Sales 485

% of Equity Rich Homes (Q2 2024) 7.79%

Effective 2023 Property Tax 0.5%

Total Foreclosure Filings (year-to-date) 2

Hobbs, NM 88240 Real Estate Overview

There were 478 residential properties sold in the past year in Hobbs, NM 88240. The median home value in Hobbs, NM 88240 is $175,302. There are a total of 15,495 residential properties in the 88240.

Median Sales Price i

$209,727

(Feb 2024)

+13.2%

year-over-year

y-o-y

February '24 Feb '24 $209,727
January '24 Jan '24 $209,605
December '23 Dec '23 $225,450
November '23 Nov '23 $234,533
October '23 Oct '23 $198,157
September '23 Sep '23 $265,563
August '23 Aug '23 $201,749
July '23 Jul '23 $247,350
June '23 Jun '23 $169,922
May '23 May '23 $219,392
April '23 Apr '23 $289,987
March '23 Mar '23 $223,307

Median Down Payment i

$7,479

(Feb 2024)

-77.4%

year-over-year

y-o-y

February '24 Feb '24 $7,479
January '24 Jan '24 $26,548
December '23 Dec '23 $35,625
November '23 Nov '23 $10,755
October '23 Oct '23 $27,850
September '23 Sep '23 $34,476
August '23 Aug '23 $13,070
July '23 Jul '23 $24,606
June '23 Jun '23 $19,325
May '23 May '23 $10,328
April '23 Apr '23 $10,523
March '23 Mar '23 $14,850

Number of Homes Sold i

10

(Feb 2024)

-80%

year-over-year

y-o-y

February '24 Feb '24 10
January '24 Jan '24 24
December '23 Dec '23 22
November '23 Nov '23 26
October '23 Oct '23 41
September '23 Sep '23 47
August '23 Aug '23 45
July '23 Jul '23 38
June '23 Jun '23 43
May '23 May '23 46
April '23 Apr '23 38
March '23 Mar '23 48

Number of Purchase Loans i

14

(Feb 2024)

-46.2%

year-over-year

y-o-y

February '24 Feb '24 14
January '24 Jan '24 26
December '23 Dec '23 18
November '23 Nov '23 18
October '23 Oct '23 37
September '23 Sep '23 26
August '23 Aug '23 30
July '23 Jul '23 26
June '23 Jun '23 26
May '23 May '23 30
April '23 Apr '23 24
March '23 Mar '23 37

Number of REFI Loans i

10

(Feb 2024)

+25%

year-over-year

y-o-y

February '24 Feb '24 10
January '24 Jan '24 11
December '23 Dec '23 11
November '23 Nov '23 11
October '23 Oct '23 18
September '23 Sep '23 11
August '23 Aug '23 24
July '23 Jul '23 11
June '23 Jun '23 20
May '23 May '23 7
April '23 Apr '23 15
March '23 Mar '23 16

Number of HELOC Loans i

2

(Feb 2024)

February '24 Feb '24 2
January '24 Jan '24 1
December '23 Dec '23 2
November '23 Nov '23 1
October '23 Oct '23 3
September '23 Sep '23 1
August '23 Aug '23 3
July '23 Jul '23 2
June '23 Jun '23 1
May '23 May '23 6
April '23 Apr '23 2
March '23 Mar '23 2

Hobbs, NM 88240 Real Estate Market Overview

Last 30 days

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Hobbs, NM 88240 Foreclosure Activity

There were a total of 2 Hobbs, NM 88240 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

2

(Feb 2024)

+100%

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 2
September '23 Sep '23 N/A
August '23 Aug '23 2
July '23 Jul '23 1
June '23 Jun '23 1
May '23 May '23 5
April '23 Apr '23 4
March '23 Mar '23 N/A

Completed Foreclosures (REOs) i

1

(Feb 2024)

February '24 Feb '24 1
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 1
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 3
June '23 Jun '23 N/A
May '23 May '23 1
April '23 Apr '23 N/A
March '23 Mar '23 2

Nearby Zip Codes

1. 88242

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