Hobbs, NM metro area Housing Market Brief
metro · as of May 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.
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.
Hobbs, NM metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $280K | ▲ +2.9% |
| Median Days on Market | 14 days | ▼ -51.7% |
| Months of Supply | 1.4 | ▼ -22.2% |
| Homes for Sale | 54 | ▼ -29.9% |
| Homes Sold | 40 | ▼ -9.1% |
| Median Price / Sq Ft | $153 | ▼ -0.8% |
| Sale-to-List Ratio | 79.8% | — |
How has Hobbs, NM metro area’s Alpha Score moved?
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Frequently asked questions
Is Hobbs, NM metro area a buyer's or seller's market?
As of May 2026, Hobbs, NM metro area is classified as a Seller's Market, based on its Alpha Score of 66 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Hobbs, NM metro area?
The median sale price in Hobbs, NM metro area is $280K, having risen 2.9% over the past year.
How affordable is Hobbs, NM metro area?
Hobbs, NM metro area scores 78 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 (91/100) and its weakest is Price Momentum (22/100). The Alpha Score is a weighted blend of all five dimensions.
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.