Why Live in Lovington
Lovington, NM, situated in southeastern New Mexico near the Texas border, offers a country lifestyle with a strong sense of community. Residents often gather for local events, such as Friday night football games at Wildcat Stadium, which seats 5,000. The city, with a population of over 11,000, is deeply rooted in the oil industry, providing job security for many. Lovington's housing market features midcentury ranch-style homes on flat, gridded streets, with newer constructions emerging on the outskirts. These homes, some on expansive farms and ranches, reflect the city's agricultural heritage. Chaparral Park, the largest of Lovington's eight parks, hosts unique events like the "World’s Greatest Lizard Race" and a fishing derby, adding to the city's local features. Main Street serves as a hub for locally owned stores and restaurants, while the historic Lea Theatre and Lea County Museum offer cultural insights. Despite the absence of public transportation, residents can drive to Hobbs, 21 miles away, for more shopping options. Lovington faces environmental challenges, including high wildfire risk and areas designated as Special Flood Hazard Zones, requiring special permits for construction. The Nor-Lea Hospital District enhances the city's role as a healthcare hub, while the Lovington Wellness Center provides recreational amenities like an indoor pool.
Home Trends in Lovington, NM
On average, homes in Lovington, NM sell after 44 days on the market compared to the national average of 51 days. The median sale price for homes in Lovington, NM over the last 12 months is $181,000, up 14% from the median home sale price over the previous 12 months.
Median Sale Price
$181,000
Median Single Family Sale Price
$180,500
Median Townhouse Sale Price
$192,500
Average Price Per Sq Ft
$129
Number of Homes for Sale
8
Last 12 months Home Sales
107
Median List Price
$195,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%