Hobbs, NM Homes for Sale under $200,000

/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.

Monica Gutierrez

Elevated Realty

(575) 255-6889

1832 N Penasco Dr, Hobbs, NM 88240
Explore Hobbs
/13
$180,000
- 2 Beds
- 1 Bath
- 998 Sq Ft
501 E Palace Ave, Hobbs, NM 88240

This charming 2-bedroom, 1-bath home in Hobbs, NM has been completely updated throughout the interior, including a brand-new roof for added peace of mind. Step inside to find a fresh, modern interior with updated finishes, a bright and inviting living space, and a functional layout perfect for everyday living. The renovated kitchen and bathroom add style and convenience, making this home ideal

Sandra Ortega UNITED REALTY, LLC - HOBBS

501 E Palace Ave, Hobbs, NM 88240
/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
/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
/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
/8
$175,000
- 3 Beds
- 1 Bath
- 1,180 Sq Ft
704 9th St, Hobbs, NM 88240

Stop and take a look! This one checks the boxes! Large lot, check. Shop, check. Covered back porch, check. Updated kitchen, check. Spacious laundry area, check. Water softener, check. Priced to sell, check, check! Call to see this home before it is too late!

Dawn Stixrud REMAX ASPIRE

704 9th St, Hobbs, NM 88240
/15
$125,000
- 2 Beds
- 1 Bath
- 872 Sq Ft
1217 S Selman St, Hobbs, NM 88240

Ana Mendivil Casa Oasis Realty

1217 S Selman St, Hobbs, NM 88240
/7
$127,000 Pre-Foreclosure
- 2 Beds
- 1 Bath
- 863 Sq Ft
400 W Midwest St, Hobbs, NM 88240

This charming 2-bedroom, 1-bathroom home offers classic character and is situated on a large corner lot. The property features a small screened-in front porch and a large fenced-in yard, providing plenty of space for pets, gardening, outdoor gatherings or future improvements. Please note that the seller is offering the home in "as-is" condition and will not be making repairs. Don’t miss out on

Amanda Smith CORE REALTY GROUP

400 W Midwest St, Hobbs, NM 88240
/2
$185,000
- Land
- 37,026 Sq Ft
- $217,647 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
/2
$150,000
- Land
- 2.4 Acres
- $62,396 per Acre
TBD N Rolling Meadows St, Hobbs, NM 88242

Looking for land to build your dream home? Look no further! Almost 2.5 acres of land in North Hobbs is your perfect location to build your dream home.

Haley Kinney UNITED REALTY, LLC - HOBBS

TBD N Rolling Meadows St, Hobbs, NM 88242
/2
$110,000
- Land
- 18,900 Sq Ft
- $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
/3
$160,000
- Land
- 1.97 Acres
- $81,384 per Acre
TBD N Rolling Meadows St, Hobbs, NM 88242

Discover the perfect place to build your dream home on this beautiful nearly 2-acre parcel in North Hobbs. This spacious property offers plenty of room for a custom home, shop, or outdoor living space, giving you the freedom to create the lifestyle you've been dreaming of. Take in the breathtaking New Mexico sunsets, wide-open skies, and endless views that make this area so special. Whether

Haley Kinney UNITED REALTY, LLC - HOBBS

TBD N Rolling Meadows St, 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
/19
$200,000
- 2 Beds
- 2 Baths
- 1,854 Sq Ft
1315 E Bender #9 Blvd, Hobbs, NM 88240

Nicely updated townhome featuring a floorplan that maximizes the space in the open floor plan provided. Kitchen features include granite counter tops and stainless steel appliances. Bonus Room perfect for a home office, extra guest space or man cave area... perfect pool table size! Make it your new home, or your new investment property!

Jen Wilcox Wilcox Realty

1315 E Bender #9 Blvd, Hobbs, NM 88240
/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
/13
$199,900
- 3 Beds
- 2 Baths
- 1,448 Sq Ft
5410 E Stanolind Rd, Hobbs, NM 88240

Welcome to this 3-bedroom, 2-bath single-wide home sitting on 2.5 acres of open space! Featuring a metal roof, private dirt road, and a semi-open layout that flows from the kitchen into a roomy living area—perfect for gathering with family or friends. The living room offers plenty of space for larger furniture and comfortable living.

Laura Juarez Davis UNITED REALTY, LLC - HOBBS

5410 E Stanolind Rd, 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
/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
/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
/2
$140,000
- Land
- 20,386 Sq Ft
- $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
/2
$147,000
- Land
- 1.95 Acres
- $75,462 per Acre
TBD W Desert Vista, Hobbs, NM 88242

Looking for land to build your dream home? Look no further! Almost 2 acres of land North of Hobbs with private dead end road.

Haley Kinney UNITED REALTY, LLC - HOBBS

TBD W Desert Vista, 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
/2
$160,000
- Land
- 33,976 Sq Ft
- $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
/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
/4
$120,000
- Land
- 14,374 Sq Ft
- $363,636 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
/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

Home Trends in Hobbs, NM

On average, homes in Hobbs, NM sell after 78 days on the market compared to the national average of 56 days. The median sale price for homes in Hobbs, NM over the last 12 months is $314,000, up 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$314,000

Median Single Family Sale Price

$315,000

Average Price Per Sq Ft

$175

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

0.60

Median List Price

$340,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

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 26 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.

Hobbs Types of Homes for Sale

Hobbs Homes by Price

More About Living in Hobbs

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Homes for Sale in Nearby Counties

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