$167,000
- 3 Beds
- 2 Baths
- 1,158 Sq Ft
308 W Gypsy St, Hobbs, NM 88240
Aldo Argott United Realty, LLC - Hobbs
$167,000
308 W Gypsy St, Hobbs, NM 88240
Aldo Argott United Realty, LLC - Hobbs
Hobbs, located in southeast New Mexico near the Texas border, is the largest city in Lea County and serves as a regional commercial hub. Known for its strong ties to the oil and gas industry since its founding in 1907, Hobbs features a mix of midcentury ranch-style homes and modern subdivisions, with housing options ranging from low-key duplexes to luxury properties. The city experiences a semi-arid climate with hot summers. Hobbs High is renowned for its successful boys' and girls' basketball teams. The city offers a variety of attractions, including the Zia Park Casino and Racetrack, Del Norte Park, McAdams Park, and the CORE Center of Recreational Excellence. Dining options are predominantly Mexican and Tex-Mex, concentrated along Turner Street/Lovington Highway and Marland Boulevard. Annual events such as the Veterans' Day and Christmas Parades, along with the Lea County Fair and PRCA Rodeo in nearby Lovington, add to the community spirit. Major highways like U.S. 62 and 180 connect Hobbs to cities like Carlsbad and Lubbock, while Lea County Regional Airport provides daily flights to Houston and Denver.
The median home sale price in Hobbs, NM is $340,000, up 17% year-over-year. Homes in Hobbs sell in 56 days on average, compared to the national average of 57 days.
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Median Sale Price
$340,000
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Median Single Family Sale Price
$340,000
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Median 2 Bedroom Sale Price
$175,000
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Median 1 Bedroom Sale Price
$100,000
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Average Price Per Sq Ft
$183
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Number of Homes for Sale
10
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Last 12 months Home Sales
95
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Months of Supply
1.30
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Median List Price
$353,386
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Median Change From 1st List Price
0%
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Median Home Sale Price YoY Change
17%
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