Hobbs, NM metro area Housing Market Brief
metro · NM · score computed September 2026
What is Hobbs, NM metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 3 of 5 (population 58,778–112,360) · comparable within its band
Where is Hobbs, NM metro area in its market cycle?
Hobbs, NM metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Hobbs, NM metro area?
Our model forecasts Hobbs, NM metro area’s home prices to rise about 6.0% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Hobbs, NM metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $262K | ▲ +3.6% |
| Median Days on Market | 52 days | ▲ +2% |
| Months of Supply | 1.2 | ▼ -33.3% |
| Homes for Sale | 48 | ▼ -43.5% |
| Homes Sold | 42 | ▼ -16% |
| Median Price / Sq Ft | $158 | ▲ +9.6% |
Markets like Hobbs, NM metro area
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- Lima, OH metro area, OHmetro61
- Kinston, NC metro area, NCmetro71
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Frequently asked questions
Is Hobbs, NM metro area a buyer's or seller's market?
In the scores computed September 2026, Hobbs, NM metro area is classified as a Seller's Market, based on its Alpha Score of 62 out of 100. It is based on the 4 of five dimensions we can measure for this market — building, affordability, economic, and rental-yield — whose weights are scaled up to cover the whole score. The rest are not measured here and are left out rather than filled in with a placeholder.
Are home prices rising or falling in Hobbs, NM metro area?
The median sale price in Hobbs, NM metro area is $262K, having risen 3.6% over the past year.
How affordable is Hobbs, NM metro area?
Hobbs, NM metro area scores 76 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Hobbs, NM metro area's Alpha Score?
Hobbs, NM metro area's strongest dimension is Rental Yield (88/100) and its weakest is Economic Strength (38/100). The Alpha Score is a weighted blend of five dimensions; 4 of them have data for this market.
Want the live, interactive view of Hobbs, NM metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.