27

Hobbs, NM Homes for Sale under $200,000

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  • 1832 N Penasco Dr, Hobbs, NM 88240
    1832 N Penasco Dr, Hobbs, NM 88240
    1832 N Penasco Dr, Hobbs, NM 88240
    /14

    $160,000

    • 3 Beds
    • 1 Bath
    • 1,178 Sq Ft

    1832 N Penasco Dr, Hobbs, NM 88240

    Check out this home in an established neighborhood, near Hobbs High and with a large backyard. Home has 3 bedrooms, 1 bathroom, 1 car garage and 2 l living areas. It has a metal roof and central heating and cooling. Call to make this your first home or investment.

    Agent Photo

    Monica Gutierrez

    Elevated Realty

    (575) 255-6889

    1832 N Penasco Dr, Hobbs, NM 88240
  • 704 S Mckinley St, Hobbs, NM 88240
    704 S Mckinley St, Hobbs, NM 88240
    704 S Mckinley St, Hobbs, NM 88240
    /29

    $150,000

    • 2 Beds
    • 2 Baths
    • 1,582 Sq Ft

    704 S Mckinley St, Hobbs, NM 88240

    2-bedroom, 2-bath home featuring custom cabinetry and a warm, cozy feel throughout. This property offers an attached shop, perfect for projects, storage, or a workspace. Outside, you'll find a convenient 2-car covered carport that provides protection for your vehicles. A great opportunity for anyone looking for a comfortable home with extra functional space.

    Aldo Argott UNITED REALTY, LLC - HOBBS

    704 S Mckinley St, 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
  • 501 E Broadway St, Hobbs, NM 88240
    501 E Broadway St, Hobbs, NM 88240
    501 E Broadway St, Hobbs, NM 88240
    /4

    $100,000

    • Land
    • 0.24 Acre
    • $414,938 per Acre

    501 E Broadway St, Hobbs, NM 88240

    Charilyn Discua Rivas Real Estate Team Co.

    501 E Broadway St, Hobbs, NM 88240
  • 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
  • 000 TBD E Kansas St, Hobbs, NM 88242
    000 TBD E Kansas St, Hobbs, NM 88242
    /2

    $105,000

    • Land
    • 5 Acres
    • $21,000 per Acre

    000 TBD E Kansas St, Hobbs, NM 88242

    Nice Flat 5 acre tract of land on the North side of Hobbs

    Bobby Shaw BURKETT - SHAW REALTY / HOBBS

    000 TBD E Kansas St, Hobbs, NM 88242
  • 6109 N T- Bird Rd, Hobbs, NM 88242
    6109 N T- Bird Rd, Hobbs, NM 88242
    6109 N T- Bird Rd, Hobbs, NM 88242
    /14

    $145,000

    • 3 Beds
    • 2 Baths
    • 1,280 Sq Ft

    6109 N T- Bird Rd, Hobbs, NM 88242

    Well-maintained mobile home offering 3 bedrooms and 2 bathrooms, conveniently located on the north side of town. The primary bedroom includes a spacious ensuite bathroom featuring a soaking bathtub and a separate stand-up shower. Functional layout with comfortable living spaces, making this home a great option for a variety of buyers. Schedule your showing today!

    Charilyn Discua Rivas Real Estate Team Co.

    6109 N T- Bird Rd, Hobbs, NM 88242
  • 2801 N Dal Paso Space B St, Hobbs, NM 88240
    2801 N Dal Paso Space B St, Hobbs, NM 88240
    /2

    $195,000

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

    2801 N Dal Paso Space B 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

    2801 N Dal Paso Space B St, Hobbs, NM 88240
  • 507 W Berry Dr, Hobbs, NM 88240
    507 W Berry Dr, Hobbs, NM 88240
    507 W Berry Dr, Hobbs, NM 88240
    /6

    $169,000

    • 3 Beds
    • 2 Baths
    • 1,196 Sq Ft

    507 W Berry Dr, Hobbs, NM 88240

    WELCOME TO THIS COZY 3 BEDROOM 2 BATH HOME WITH AN OPEN FLOOR PLAN. THIS PROPERTY FEATURES UPDATED VINYL FLOORING, MODERNIZED CABINETS, AND REFRESHED BATHROOMS, CREATING A MOVE-IN READY SPACE FOR ITS NEXT OWNER. ENJOY THE CONVENIENCE OF CENTRAL AIR, A CARPORT, AND A LARGE BACKYARD WITH PLENTY OF ROOM TO ENTERTAIN.

    Chad Tabor Empire Real Estate Group, LLC

    507 W Berry Dr, Hobbs, NM 88240
  • 21 Water Dog, Hobbs, NM 88240
    21 Water Dog, Hobbs, NM 88240
    21 Water Dog, Hobbs, NM 88240
    /5

    $150,000

    • Land
    • 20 Acres
    • $7,500 per Acre

    21 Water Dog, Hobbs, NM 88240

    20 Acres Toward the Nadine Area – Priced at Only $150,000 Take advantage of this rare opportunity to own 20 acres of open land in the desirable Nadine area of Hobbs. Offering wide-open space, privacy, and beautiful New Mexico skies, this property is perfect for building your dream home, placing a manufactured home, starting a small ranch, or holding as an investment. Enjoy peaceful country living

    Jared English Congress Realty, Inc.

    21 Water Dog, Hobbs, NM 88240
  • 3808 N Roth Rd, Hobbs, NM 88240
    3808 N Roth Rd, Hobbs, NM 88240
    3808 N Roth Rd, Hobbs, NM 88240
    /12

    $100,000

    • 1 Bed
    • 1 Bath
    • 480 Sq Ft

    3808 N Roth Rd, Hobbs, NM 88240

    Cindy Shoobridge ROBINSON & ASSOCIATES REAL ESTATE

    3808 N Roth Rd, Hobbs, NM 88240
  • TBD Scenic Dr, Hobbs, NM 88240
    TBD Scenic Dr, Hobbs, NM 88240
    /2

    $110,000

    • Land
    • 0.43 Acre
    • $253,515 per Acre

    TBD Scenic Dr, Hobbs, NM 88240

    NEW LOTS ON THE MARKET! IF YOUR WANTING TO BUILD YOUR DREAM HOME NEXT TO GREENMEADOW LAKE IN HOBBS NEW MEXICO, THIS LAND IS FOR YOU.

    Giovanni Ornelas Rivas Real Estate Team Co.

    TBD Scenic Dr, Hobbs, NM 88240
  • 3505 N Northwest Dr, Hobbs, NM 88240
    3505 N Northwest Dr, Hobbs, NM 88240
    3505 N Northwest Dr, Hobbs, NM 88240
    /10

    $199,000

    • 3 Beds
    • 2 Baths
    • 1,596 Sq Ft

    3505 N Northwest Dr, Hobbs, NM 88240

    Come see this cute, comfortable townhome in a quiet North Hobbs neighborhood, conveniently located near shops, restaurants, and hotels. This spacious 3-bedroom, 2-bath home offers an inviting layout and includes solar panels for energy efficiency and savings, blending charm, comfort, and convenience.

    MICHELLE MARSHALL BERKSHIRE HATHAWAY HOME SERVICES ENCHANTED LANDS - HOBBS

    3505 N Northwest Dr, Hobbs, NM 88240
  • TBD Buena Suerta Dr, Hobbs, NM 88242
    TBD Buena Suerta Dr, Hobbs, NM 88242
    /2

    $125,000

    • Land
    • 5.08 Acres
    • $24,606 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
  • 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
  • Tbd N Norris, Hobbs, NM 88240
    Tbd N Norris, Hobbs, NM 88240
    /2

    $150,000

    • Land
    • 10 Acres
    • $15,000 per Acre

    Tbd N Norris, Hobbs, NM 88240

    Cesar Jimenez Rivas Real Estate Team Co.

    Tbd N Norris, Hobbs, NM 88240
  • TBD N Meadowbrook St, Hobbs, NM 88240
    TBD N Meadowbrook St, Hobbs, NM 88240
    /2

    $140,000

    • Land
    • 0.47 Acre
    • $299,145 per Acre

    TBD N Meadowbrook St, Hobbs, NM 88240

    NEW LOTS ON THE MARKET! IF YOUR WANTING TO BUILD YOUR DREAM HOME NEXT TO GREENMEADOW LAKE IN HOBBS NEW MEXICO, THIS LAND IS FOR YOU.

    Giovanni Ornelas Rivas Real Estate Team Co.

    TBD N Meadowbrook St, Hobbs, NM 88240
  • 115 E Park Place, Hobbs, NM 88240
    115 E Park Place, Hobbs, NM 88240
    115 E Park Place, Hobbs, NM 88240
    /20

    $139,900

    • 3 Beds
    • 1.5 Baths
    • 1,366 Sq Ft

    115 E Park Place, Hobbs, NM 88240

    New Listing!!! 3-bedroom, 1-bath home ready for its next owner. This property offers great potential and is competitively priced. Features include a extra room in the basement (great for guests or game room), an attached 2-car carport, and a spacious 30x30 detached outbuilding—perfect for storage, workshop space, or hobbies. Don’t miss this opportunity!

    Jared English Congress Realty, Inc.

    115 E Park Place, Hobbs, NM 88240
  • TBD Pearl Valley Rd, Hobbs, NM 88240
    TBD Pearl Valley Rd, Hobbs, NM 88240
    /2

    $195,000

    TBD Pearl Valley Rd, Hobbs, NM 88240

    113 +- vacant pastureland on Pearl Valley Road just South of Carlsbad HWY.

    Jason Stine Edge Realty Group

    TBD Pearl Valley Rd, Hobbs, NM 88240
  • 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
  • 0000 W Spears Dr, Hobbs, NM 88240
    0000 W Spears Dr, Hobbs, NM 88240
    0000 W Spears Dr, Hobbs, NM 88240
    /4

    $199,000

    • Land
    • 1.45 Acres
    • $137,147 per Acre

    0000 W Spears Dr, Hobbs, NM 88240

    Enjoy the perfect blend of space and convenience with this 1.45-acre in-town parcel, offering plenty of room to build your dream home. Ideally located with easy access to local amenities, this property provides the rare opportunity to enjoy generous acreage while still being close to everything you need. Whether you're planning a custom residence or investing for the future, this versatile

    Kali Taylor CORE REALTY GROUP

    0000 W Spears Dr, Hobbs, NM 88240
  • 1215 W Cambridge, Hobbs, NM 88240
    1215 W Cambridge, Hobbs, NM 88240
    1215 W Cambridge, Hobbs, NM 88240
    /4

    $118,000

    • Land
    • 0.33 Acre
    • $357,576 per Acre

    1215 W Cambridge, Hobbs, NM 88240

    This is your chance to build your dream home in Hobbs most coveted sub-division (WestMinster Hollow) Massive build site for that big yard and pool. Restrictive covenants in place so rest assured your investment is protected and cherished along side other new luxury homes being built next door and throughout this new addition. Pour your new foundation here today!!

    Robbie Robinson ROBINSON & ASSOCIATES REAL ESTATE

    1215 W Cambridge, 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

    $170,000

    • 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 88 days on the market compared to the national average of 54 days. The median sale price for homes in Hobbs, NM over the last 12 months is $314,500, up 6% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$314,500
Median Single Family Sale Price
$325,500
Average Price Per Sq Ft
$175
Number of Homes for Sale
5
Last 12 months Home Sales
76
Months of Supply
0.80
Median List Price
$336,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
6%
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 27 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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