13

Hobbs, NM Homes for Sale under $500,000

Section Image
  • 7514 N Llewelyn St, Hobbs, NM 88242
    7514 N Llewelyn St, Hobbs, NM 88242
    7514 N Llewelyn St, Hobbs, NM 88242
    /34

    $429,500

    • 4 Beds
    • 4 Baths
    • 2,919 Sq Ft

    7514 N Llewelyn St, Hobbs, NM 88242

    Large two story country home with mature landscaping and potentially income earning pecan trees. Large eat in kitchen and formal dining room. Huge living room with fireplace and an office next to the front door. Small bonus room in the 2 car garage that was formerly used as a hair salon. Large covered parking for your RV and toys.

    Jason Scott UNITED REALTY, LLC - HOBBS

    7514 N Llewelyn St, Hobbs, NM 88242
  • 3306 N Dal Paso St, Hobbs, NM 88240
    3306 N Dal Paso St, Hobbs, NM 88240
    3306 N Dal Paso St, Hobbs, NM 88240
    /3

    $400,000

    • Land
    • 1.28 Acres
    • $312,500 per Acre

    3306 N Dal Paso St, Hobbs, NM 88240

    If you have been searching for a PRIME location in the city limits to build your dream business than look no further than this vacant land located on the Southeast corner of Dal Paso and Navajo. This high traffic area provides the visibility and accessibility necessary to help a business be successful!!

    Mikal Calhoon Edge Realty Group

    3306 N Dal Paso St, Hobbs, NM 88240
  • 414 S Childers Dr, Hobbs, NM 88240
    414 S Childers Dr, Hobbs, NM 88240
    414 S Childers Dr, Hobbs, NM 88240
    /32

    $425,000

    • 4 Beds
    • 4 Baths
    • 3,093 Sq Ft

    414 S Childers Dr, Hobbs, NM 88240

    Surprising and stunning, this 4-bedroom, 4-bathroom home is a rare find for the neighborhood. From the moment you pull into the concrete driveway, you’ll be impressed by the curb appeal and sleek design. Inside, the open floor plan offers not one but two living areas, a dining space, and an eat-in kitchen with island bar seating. Enjoy the convenience of a dedicated laundry and utility room, plus

    CASSANDRA ROSA REALTY ONE OF NEW MEXICO - R1 CLOVIS

    414 S Childers Dr, Hobbs, NM 88240
  • 1111 W Arizona St, Hobbs, NM 88242
    1111 W Arizona St, Hobbs, NM 88242
    1111 W Arizona St, Hobbs, NM 88242
    /18

    $415,000

    • 3 Beds
    • 2 Baths
    • 2,238 Sq Ft

    1111 W Arizona St, Hobbs, NM 88242

    Enjoy sitting on the covered back patio. This home is sitting on 1.82 acres with mature trees and a large metal shop building with four large bay doors. The shop has a metal beam for a traveling hoist, lighting, and 220 electricity. The home and shop sit at the end of a cul-de-sac. The home is a 3-bedroom, 2-bathroom, and features a 2-car garage. Out of the city limits, but just a short drive

    Jason Stine Edge Realty Group

    1111 W Arizona St, Hobbs, NM 88242
  • TBD E Starlight Rd, Hobbs, NM 88240
    TBD E Starlight Rd, Hobbs, NM 88240
    TBD E Starlight Rd, Hobbs, NM 88240
    /6

    $420,000

    • Land
    • 45.05 Acres
    • $9,323 per Acre

    TBD E Starlight Rd, Hobbs, NM 88240

    45 Acres of Land for Sale, Owner finance available with flexible terms

    NANCY ESPINOZA Rivas Real Estate Team Co.

    TBD E Starlight Rd, Hobbs, NM 88240
  • 2933 N Amor Ave, Hobbs, NM 88240
    2933 N Amor Ave, Hobbs, NM 88240
    2933 N Amor Ave, Hobbs, NM 88240
    /22

    $445,000

    • 4 Beds
    • 2.5 Baths
    • 2,545 Sq Ft

    2933 N Amor Ave, Hobbs, NM 88240

    4 bedrooms, 3 bath Home. Luxury Exterior Stone. 1/2 Glass Front Door, Luxury Soft Close Cabinets, Stainless Gas Appliances, Covered Back Patio and Blinds throughout! This is a French Brothers Home (Mesquite) This is a must see! Call today for a private home tour.

    Martha Thomas Casa Oasis Realty

    2933 N Amor Ave, Hobbs, NM 88240
  • TBD N Alto Dr, Hobbs, NM 88240
    TBD N Alto Dr, Hobbs, NM 88240
    /2

    $400,000

    • Land
    • 1.27 Acres
    • $314,961 per Acre

    TBD N Alto Dr, Hobbs, NM 88240

    Prime vacant land opportunity located conveniently near the Post Office and Magistrate Court, NM State Building. This strategically positioned property offers 1/27 acres, ideal for potential uses such as commercial development. Don't miss this chance to invest in a highly desirable location with endless potential.

    Jennifer Contreras Edge Realty Group

    TBD N Alto Dr, Hobbs, NM 88240
  • 000 Lot 21, Hobbs, NM 88240
    000 Lot 21, Hobbs, NM 88240
    000 Lot 21, Hobbs, NM 88240
    /3

    $435,600

    • Land
    • 1 Acre
    • $435,600 per Acre

    000 Lot 21, Hobbs, NM 88240

    Suerte Land Group now offers a variety of different land options to accommodate your next development. Situated in a vastly growing area in the heart of Lea County, this land is surrounded by large facilities including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, Lea County Event Center, NMJC, and much more. Lot 21 is located on Suerte

    Kali Taylor CORE REALTY GROUP

    000 Lot 21, Hobbs, NM 88240
  • TBD Rancho, Hobbs, NM 88242
    TBD Rancho, Hobbs, NM 88242
    /2

    $475,000

    TBD Rancho, Hobbs, NM 88242

    This North Hobbs 41-acre property can be used for either farming or commercial purposes. Having approximately 39.55 acres of water rights, the land is currently being farmed for hay and is yielding roughly six cuts a year. The property includes a 500gpm well, Zimmatic 3 tower center pivot spanning 27 acres of the property, an old barn, and a new barn. The new barn is 40X100 foot and comes

    DUSTY ROBINSON ROBINSON & ASSOCIATES REAL ESTATE

    TBD Rancho, Hobbs, NM 88242
  • 2123 N Mckinley St, Hobbs, NM 88240
    2123 N Mckinley St, Hobbs, NM 88240
    2123 N Mckinley St, Hobbs, NM 88240
    /27

    $470,000

    • 3 Beds
    • 2.5 Baths
    • 2,719 Sq Ft

    2123 N Mckinley St, Hobbs, NM 88240

    JUSTIN SAVELL Found Real Estate

    2123 N Mckinley St, Hobbs, NM 88240
  • 1132 Aventura Ln, Hobbs, NM 88240
    1132 Aventura Ln, Hobbs, NM 88240
    /2

    $429,900

    • 4 Beds
    • 3 Baths
    • 2,076 Sq Ft

    1132 Aventura Ln, Hobbs, NM 88240

    OSCAR CABALLERO DESERT REALTY

    1132 Aventura Ln, Hobbs, NM 88240
  • 7810 N World Dr, Hobbs, NM 88242
    7810 N World Dr, Hobbs, NM 88242
    /2

    $425,000

    • Land
    • 7.25 Acres
    • $58,621 per Acre

    7810 N World Dr, Hobbs, NM 88242

    Cindy Shoobridge ROBINSON & ASSOCIATES REAL ESTATE

    7810 N World Dr, Hobbs, NM 88242
  • 1021 W Breeze, Hobbs, NM 88240
    1021 W Breeze, Hobbs, NM 88240
    /2

    $445,987 New Construction

    • 4 Beds
    • 3 Baths
    • 2,241 Sq Ft

    1021 W Breeze, Hobbs, NM 88240

    Check out this beautiful Contemporary Design Emerald Plan! This plan boasts 4 bedrooms with 3 bathrooms, large living open to kitchen and dining, large pantry, oversized garage, large front and back covered patios, spacious bedrooms and so much more! Upgrades include Contemporary Exterior Design on a corner-oversized lot, upgraded kitchen, upgraded quartz countertops, water softener rough-in, and

    Rodney Davis UNITED REALTY, LLC - HOBBS

    1021 W Breeze, Hobbs, NM 88240
New Mexico Lea County Hobbs

Real Estate & Homes in Hobbs, NM under $500,000

Home Trends in Hobbs, NM

On average, homes in Hobbs, NM sell after 106 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 $325,500, up 13% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$325,500
Median Single Family Sale Price
$341,550
Average Price Per Sq Ft
$172
Number of Homes for Sale
11
Last 12 months Home Sales
70
Months of Supply
1.90
Median List Price
$345,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
13%
How to Buy a Home How to Finance a Home How to Sell a Home

In Hobbs, you'll encounter a variety of homes and houses for sale priced under $500,000, providing affordable options for potential buyers. With 13 listings available, there's a wide selection to explore, from charming bungalows to contemporary townhouses. These properties offer an opportunity to enter the real estate market or diversify your investment portfolio without exceeding your budget. Discover the range of homes for sale under 500k in Hobbs, NM and find the perfect fit for your homeownership goals.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group