21

Hobbs, NM Homes for Sale under $200,000

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  • 1204 W Mackenzie Dr, Hobbs, NM 88240
    1204 W Mackenzie Dr, Hobbs, NM 88240
    1204 W Mackenzie Dr, Hobbs, NM 88240
    /19

    $120,000

    • 4 Beds
    • 1 Bath
    • 1,369 Sq Ft

    1204 W Mackenzie Dr, Hobbs, NM 88240

    This four bedroom, one bath home is ready for its next owner. Great property for Buyers looking to add their own personal touches! Owner Finance Available! Call today to schedule a showing!

    Crystal Chavez UNITED REALTY, LLC - HOBBS

    1204 W Mackenzie Dr, Hobbs, NM 88240
  • TBD Buffalo Rd, Hobbs, NM 88242
    TBD Buffalo Rd, Hobbs, NM 88242
    /2

    $125,000

    • Land
    • 6.52 Acres
    • $19,172 per Acre

    TBD Buffalo Rd, Hobbs, NM 88242

    Looking for land to build your dream home? Look no further! This 6.52-acre site-built only Lot in the desirable Home on the Range subdivision offers endless possibilities. Located in a peaceful cul-de-sac this property provides ample space to create your perfect retreat. Don't miss out on this opportunity to build your dream home!

    LISA MELENDEZ Motion Realty, LLC

    TBD Buffalo Rd, Hobbs, NM 88242
  • TBD Buffalo Rd, Hobbs, NM 88242
    TBD Buffalo Rd, Hobbs, NM 88242
    /2

    $150,000

    • Land
    • 8 Acres
    • $18,750 per Acre

    TBD Buffalo Rd, Hobbs, NM 88242

    Looking for land to build your dream home? Look no further! This 8.00-acre site-built only Lot in the desirable Home on the Range subdivision offers endless possibilities. Located in a peaceful cul-de-sac this property provides ample space to create your perfect retreat. Don't miss out on this opportunity to build your dream home!

    LISA MELENDEZ Motion Realty, LLC

    TBD Buffalo Rd, Hobbs, NM 88242
  • 1235 N San Andres Dr, Hobbs, NM 88240
    1235 N San Andres Dr, Hobbs, NM 88240
    1235 N San Andres Dr, Hobbs, NM 88240
    /14

    $135,000

    • 3 Beds
    • 1 Bath
    • 890 Sq Ft

    1235 N San Andres Dr, Hobbs, NM 88240

    Michelle Cortez BERKSHIRE HATHAWAY HOME SERVICES ENCHANTED LANDS - HOBBS

    1235 N San Andres Dr, Hobbs, NM 88240
  • TBD N Dal Paso St, Hobbs, NM 88240
    TBD N Dal Paso St, Hobbs, NM 88240
    /2

    $195,000

    • Land
    • 0.85 Acre
    • $229,412 per Acre

    TBD N Dal Paso St, Hobbs, NM 88240

    COMMERCIAL OPPORTUNITY! ?? .85 Acres of Prime Commercial Land in Hobbs, NM ??. Unlock your business potential! ?? Gutted building, ready for renovation. ?? Perfect for retail, office, or service-based businesses.

    LISA MELENDEZ Motion Realty, LLC

    TBD N Dal Paso St, Hobbs, NM 88240
  • 1203 W Cambridge, Hobbs, NM 88240
    1203 W Cambridge, Hobbs, NM 88240
    /2

    $120,155

    • Land
    • 0.33 Acre
    • $364,106 per Acre

    1203 W Cambridge, Hobbs, NM 88240

    Looking to build in a well-established area? These lots are just north of Brittany in Westminster Hollow. Restrictive Covenants are included in Associated Docs.

    Tracy Coleman Edge Realty Group

    1203 W Cambridge, Hobbs, NM 88240
  • 1209 W Cambridge, Hobbs, NM 88240
    1209 W Cambridge, Hobbs, NM 88240
    /2

    $120,466

    • Land
    • 0.33 Acre
    • $365,048 per Acre

    1209 W Cambridge, Hobbs, NM 88240

    Looking to build in a well established area? These lots are just north of Brittany in Westminster Hollow. Restrictive Covenants are included in Associated Docs.

    Tracy Coleman Edge Realty Group

    1209 W Cambridge, Hobbs, NM 88240
  • 103 W Yeso Dr, Hobbs, NM 88240
    103 W Yeso Dr, Hobbs, NM 88240
    103 W Yeso Dr, Hobbs, NM 88240
    /9

    $140,000

    • 4 Beds
    • 2 Baths
    • 1,774 Sq Ft

    103 W Yeso Dr, Hobbs, NM 88240

    So much potential! 4-bedroom, 2-bath brick home on a corner lot, perfect for investors or buyers looking to renovate and build equity. Functional layout with strong bones and endless possibilities. Ideal for renovation, rental, or resale. Property sold as-is. Seller will make no repairs.

    Maria Barrera Casa Oasis Realty

    103 W Yeso Dr, Hobbs, NM 88240
  • TBD Buena Suerta Dr, Hobbs, NM 88242
    TBD Buena Suerta Dr, Hobbs, NM 88242
    /2

    $149,900

    • Land
    • 5.08 Acres
    • $29,508 per Acre

    TBD Buena Suerta Dr, Hobbs, NM 88242

    Check out this 5.08 Acres located north of Hobbs close to the corner of Denver City Highway and Buena Suerte Drive. This can be used for residential and commercial. Drive by to check out this great opportunity!

    Rodney Davis UNITED REALTY, LLC - HOBBS

    TBD Buena Suerta Dr, Hobbs, NM 88242
  • 412 E Park St, Hobbs, NM 88240
    412 E Park St, Hobbs, NM 88240
    412 E Park St, Hobbs, NM 88240
    /9

    $160,000

    412 E Park St, Hobbs, NM 88240

    2 Units 412 & 414 E. Park Elevate your investment portfolio with this exceptional income-producing duplex, designed for maximum rental potential. Each unit features a comfortable one-bedroom layout, complete with a bathroom, kitchen, and living room, ensuring a cozy living experience for tenants. This property not only offers immediate cash flow with limited rental properties in Hobbs this

    JUSTIN SAVELL Found Real Estate

    412 E Park St, Hobbs, NM 88240
  • TBD Pearl St, Hobbs, NM 88242
    TBD Pearl St, Hobbs, NM 88242
    /2

    $200,000

    • Land
    • 2.16 Acres
    • $92,773 per Acre

    TBD Pearl St, Hobbs, NM 88242

    Drive by! Call for more information

    BRENDA MARSHALL BERKSHIRE HATHAWAY HOME SERVICES ENCHANTED LANDS - HOBBS

    TBD Pearl St, Hobbs, NM 88242
  • 1302 S Mckinley St, Hobbs, NM 88240
    1302 S Mckinley St, Hobbs, NM 88240
    1302 S Mckinley St, Hobbs, NM 88240
    /4

    $169,000

    • 2 Beds
    • 1.5 Baths
    • 1,100 Sq Ft

    1302 S Mckinley St, Hobbs, NM 88240

    Welcome to this two bedroom, 1.5 bath home. This property offers a sturdy metal roof and a fully fenced yard, ideal for pets, play, or outdoor entertaining. Call to schedule your showing today!

    LEEROY RIVAS Rivas Real Estate Team Co.

    1302 S Mckinley St, Hobbs, NM 88240
  • 2519 W Midwest St, Hobbs, NM 88240
    2519 W Midwest St, Hobbs, NM 88240
    2519 W Midwest St, Hobbs, NM 88240
    /9

    $148,000

    • 2 Beds
    • 1 Bath
    • 980 Sq Ft

    2519 W Midwest St, Hobbs, NM 88240

    Great Investment Opportunity or Starter Home! Enjoy peaceful country living on nearly 1 acre (.99) with city water & sewer utilities—This fenced-in manufactured home includes an RV hookup and offers room to grow.Home needs a little TLC and is being sold as-is. Sale contingent on seller finding & closing on new property. Note: Storage shed not included in the sale. Quiet, spacious, and full of

    JOSEPHINA MARQUEZ CORE REALTY GROUP

    2519 W Midwest St, Hobbs, NM 88240
  • 606 E Yucca Dr, Hobbs, NM 88240
    606 E Yucca Dr, Hobbs, NM 88240
    /2

    $200,000

    • 3 Beds
    • 1 Bath
    • 1,509 Sq Ft

    606 E Yucca Dr, Hobbs, NM 88240

    Auction starts 01/10/2026 ends 01/13/2026. Please do not disturb occupant. 3 bedroom and 1 bathroom house with a good size yard an a 2 car attached carport. 1522 sf. interior. Residential area, nice homes down the street.

    EMESE FISHER Fisher Real Estate LLC

    606 E Yucca Dr, Hobbs, NM 88240
  • 1229 E Tulsa St, Hobbs, NM 88242
    1229 E Tulsa St, Hobbs, NM 88242
    1229 E Tulsa St, Hobbs, NM 88242
    /11

    $185,000

    • 3 Beds
    • 1 Bath
    • 1,701 Sq Ft

    1229 E Tulsa St, Hobbs, NM 88242

    Welcome to this charming, three bedroom one bathroom home that perfectly balances with character and rural living. This home features well proportioned living spaces that flow seamlessly offering three bedrooms that provide flexibility for family, guest, or even a home office. This home also features an additional living space apart from the rest of the home that serves as the ultimate flexible

    Serena Fuller CORE REALTY GROUP

    1229 E Tulsa St, Hobbs, NM 88242
  • TBD Buffalo Rd, Hobbs, NM 88242
    TBD Buffalo Rd, Hobbs, NM 88242
    /2

    $110,000

    • Land
    • 4.37 Acres
    • $25,172 per Acre

    TBD Buffalo Rd, Hobbs, NM 88242

    Looking for land to build your dream home? Look no further! This 4.32 -acre site-built only Lot in the desirable Home on the Range subdivision offers endless possibilities. Located in a peaceful cul-de-sac this property provides ample space to create your perfect retreat. Don't miss out on this opportunity to build your dream home!

    LISA MELENDEZ Motion Realty, LLC

    TBD Buffalo Rd, Hobbs, NM 88242
  • 313 W Roxana St, Hobbs, NM 88240
    313 W Roxana St, Hobbs, NM 88240
    313 W Roxana St, Hobbs, NM 88240
    /21

    $170,000

    • 3 Beds
    • 2 Baths
    • 1,680 Sq Ft

    313 W Roxana St, Hobbs, NM 88240

    Check out this stunning home with 3 bedrooms and 2 bathrooms. It boasts an open-concept design and includes a convenient laundry room. The master bathroom offers double sinks and large soaking tub. Schedule your showing today!

    Crystal Chavez UNITED REALTY, LLC - HOBBS

    313 W Roxana St, Hobbs, NM 88240
  • Alto Tbd, Hobbs, NM 88240
    Alto Tbd, Hobbs, NM 88240
    /2

    $160,000

    • Land
    • 0.78 Acre
    • $205,128 per Acre

    Alto Tbd, Hobbs, NM 88240

    LOCATED DIRECTLY NORTH OF 502 W Alto. Easement located on the West side of 502 W Alto for access. This tract of land has exceptional possibilities for commercial development or multi house new construction; access to the tract is via a 30' easement located on the west side of the property; land size is a little over 3/4 of an acre with city utilities near the site. Owner will consider "Owner

    Rusty Taylor Edge Realty Group

    Alto Tbd, Hobbs, NM 88240
  • 516 E Pinson Rd, Hobbs, NM 88242
    516 E Pinson Rd, Hobbs, NM 88242
    516 E Pinson Rd, Hobbs, NM 88242
    /3

    $199,500

    • Land
    • 18.88 Acres
    • $10,567 per Acre

    516 E Pinson Rd, Hobbs, NM 88242

    Great Residential or Commercial location, North of Hobbs, apx 18.88 Acres, for the right terms and right buyers, the owners will consider owner financing. Property does NOT have a septic system, although it does have a holding tank for RV use. There is NO water well.

    Bobby Shaw BURKETT - SHAW REALTY / HOBBS

    516 E Pinson Rd, Hobbs, NM 88242
  • 1112 N Coleman St, Hobbs, NM 88240
    1112 N Coleman St, Hobbs, NM 88240
    1112 N Coleman St, Hobbs, NM 88240
    /8

    $140,000

    • 3 Beds
    • 1 Bath
    • 1,144 Sq Ft

    1112 N Coleman St, Hobbs, NM 88240

    Cozy Home in Hobbs... home features a fenced yard in the front and back with a Metal Roof. 3 Bedrooms, 1 bath in Bell amah Add. Please call us today for a private home tour.

    Martha Thomas Casa Oasis Realty

    1112 N Coleman St, Hobbs, NM 88240
  • 308 W Gypsy St, Hobbs, NM 88240
    308 W Gypsy St, Hobbs, NM 88240
    308 W Gypsy St, Hobbs, NM 88240
    /20

    $180,000

    • 3 Beds
    • 2 Baths
    • 1,158 Sq Ft

    308 W Gypsy St, Hobbs, NM 88240

    Check out this 3 bed 2 bath manufactured home, with updated features through out. Schedule your showing today!

    Aldo Argott UNITED REALTY, LLC - HOBBS

    308 W Gypsy St, Hobbs, NM 88240
New Mexico Lea County Hobbs

Real Estate & Homes in Hobbs, NM under $200,000

Home Trends in Hobbs, NM

On average, homes in Hobbs, NM sell after 92 days on the market compared to the national average of 53 days. The median sale price for homes in Hobbs, NM over the last 12 months is $310,000, up 7% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$310,000
Median Single Family Sale Price
$337,000
Average Price Per Sq Ft
$169
Number of Homes for Sale
12
Last 12 months Home Sales
79
Months of Supply
1.80
Median List Price
$340,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
7%
How to Buy a Home How to Finance a Home How to Sell a Home

In Hobbs, you'll find a diverse selection of properties with 21 homes for sale under $200,000, catering to budget-conscious buyers seeking affordable housing solutions. Whether you're a first-time homebuyer in search of a cozy starter home or an investor eyeing a promising opportunity, these affordable homes provide a gateway into the real estate market in Hobbs, NM.

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