$395,000
7 bd3 ba3,765 sqft
2525 N Brand Dr
Hobbs, NM Housing Market
$207,135
2.7% 1-yrThe average Hobbs, NM home value is $207,135, up 2.7% 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: $207,135
1-Year Value Change: +2.7%
(Data through March 31, 2026)
Hobbs Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 84 ()
New Listings: 31 ()
Median Sale to List Ratio: 0.974 ()
Median Sale Price: $254,333 ()
Median List Price: $318,333 ()
Percent of Sales Over List Price: 22.8% ()
Percent of Sales Under List Price: 62.3% ()
Median Days to Pending: 8 ()
(Metric availability is based on market coverage and data)
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$283,304
- Sherwood$224,491
- Scottsdale West$299,985
- Scottsdale$306,556
- Fleetwood$239,017
- Lyndale$222,824
Move forward with a local partner
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.
An equal housing lender. NMLS #10287.
Hobbs Rental Market Trends
Average Rent: $1,356 ()
National Average Rent: $1,910 ()
Month-Over-Month Change: 1% ()
Year-Over-Year Change: 5.8% ()
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.
