Hobbs, New Mexico Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings

Sold (12M)

Median Price

Market Condition

Strong Buyer's Market

Hobbs, New Mexico Market Meter

Strong Buyer's Market

12.5 months of supply

High inventory favors buyers with more choices and negotiating power.

Market Overview

Median Price

Avg Price/Acre

Avg Days on Market

141

Months of Supply

12.5

YoY Price Change

New Listings (3M)

Land Market Data by Acreage

Data Type:

View:

Acreage	30D	3M	6M	12M	24M	36M
0-1 acres	2	15	22	41	68	82
1-2 acres	-	-	1	3	9	18
2-5 acres	-	-	1	5	9	25
5-10 acres	-	1	1	2	5	9
10-20 acres	-	1	2	3	4	7
20-50 acres	1	1	2	2	4	4
50-100 acres	-	-	-	1	1	1
100+ acres	-	-	-	-	-	-
TOTAL	3	18	29	57	100	146

📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold

For Sale

0-1 acres41 sold / 25 listed

1-2 acres3 sold / 12 listed

2-5 acres5 sold / 12 listed

5-10 acres2 sold / 16 listed

10-20 acres3 sold / 7 listed

20-50 acres2 sold / 4 listed

50-100 acres1 sold / 1 listed

100+ acres0 sold / 2 listed

Median Price by Acreage

No price data available

Key Market Indicators

Total Sales Volume

Last 12 months

Active Listings

Current inventory

Avg Days on Market

141

Time to sell

Price Trend (YoY)

Year over year

Hobbs, New Mexico Land Market Analysis

Is now a good time to buy land in Hobbs, New Mexico?

Hobbs, New Mexico is currently a strong buyer's market with 12.5 months of supply. Buyers have more negotiating power and can take time to find the right property.

What is the months of supply for land in Hobbs, New Mexico?

Hobbs, New Mexico currently has 12.5 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.

How long does it take to sell land in Hobbs, New Mexico?

Land in Hobbs, New Mexico typically sells within 141 days of listing. The median time on market is 49 days. Properties are moving slowly in the current strong buyer's market.

What is the total amount sold in Hobbs, New Mexico last year?

Over the past 12 months, Hobbs, New Mexico saw 60 properties sold. In just the last 3 months, 19 properties changed hands.

What is the absorption rate for land in Hobbs, New Mexico?

The 3-month absorption rate in Hobbs, New Mexico is 8.0%. The 12-month rate is 6.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.

Is now a good time to invest in land in Hobbs, New Mexico?

The current absorption rate in Hobbs, New Mexico is 8.0% (3-month basis), indicating moderate demand.

What is the total land for sale in Hobbs, New Mexico?

There are currently 79 active listings in Hobbs, New Mexico. 11 new listings have hit the market in the last 90 days. The median asking price is $289K.

Data Sources & Accuracy

Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.