Hobbs Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Hobbs averaged 6.38% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 6.15% and one month ago for the week of 2022-05-19, the average rate was 5.62%.

Hobbs's average rate one year ago was 3.21%.

For refis of the same type during the week of 2022-06-23, the average rate was 6.14%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Hobbs 30 Year Fixed Rate 2022-06-23 6.38%
Hobbs 30 Year Fixed Rate Refi 2022-06-23 6.14%
Hobbs 15 Year Fixed Rate 2022-06-23 5.7%
Hobbs 15 Year Fixed Rate Refi 2022-06-23 5.15%
Hobbs 30 Year FHA 2022-06-23 0.3%
Hobbs 30 Year FHA Refi 2022-06-23 0.15%
Hobbs 30 Year USDA 2022-06-23 0.11%
Hobbs 30 Year USDA Refi 2022-06-23 -0.31%
Hobbs 30 Year VA 2022-06-23 0.68%
Hobbs 30 Year VA Refi 2022-06-23 -0.2%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hobbs, NM.

Hobbs Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Hobbs, NM market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 71 3.12% $5,379
Paramount Residential Mortgage Group, Inc. 46 3.11% $3,008
Neighborhood Loans, Inc. 36 3.34% $4,136
Wells Fargo Bank 18 3.25% $3,867
LOANDEPOT.COM, LLC 14 3.11% $4,291
GENEVA FINANCIAL, LLC 13 3.19% $6,611
CROSSCOUNTRY MORTGAGE, LLC 13 3.40% $5,794
SOUTHWEST FUNDING, LP 13 3.40% $6,407
First American Bank 7 3.02% $2,478
AMERISAVE MORTGAGE CORPORATION 7 3.07% $4,644
MICHIGAN MUTUAL, INC. 6 3.38% $4,713
Mr. Cooper ( Nationstar Mortgage ) 5 3.45% $3,657
CHERRY CREEK MORTGAGE, LLC 4 3.06% $3,652
MYCUMORTGAGE, LLC 4 3.28% $4,304
NEWREZ LLC 4 3.75% $3,401
ACADEMY MORTGAGE CORPORATION 4 3.31% $5,827
BROKER SOLUTIONS, INC. 4 3.12% $3,793
BETTER MORTGAGE CORPORATION 3 2.75% $2,190
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.96% $6,112
Washington Federal Bank 3 3.29% $5,678
JPMorgan Chase Bank 3 3.12% $3,476
AMCAP MORTGAGE, LTD. 3 3.25% $5,051
21ST MORTGAGE CORPORATION 2 7.80% $7,176
AmeriHome Mortgage Company, LLC 2 3.25% $4,481
First Guaranty Mortgage Corporation 2 3.06% $4,358
First National Bank Texas 2 3.00% $4,254
PENNYMAC LOAN SERVICES, LLC 2 3.00% $3,688
PNC Bank 2 3.00% $5,326
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.93% $4,373
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.44% $4,136
ROYAL UNITED MORTGAGE LLC 2 3.81% $6,165
GUARANTEED RATE, INC. 2 2.99% $3,921
GUILD MORTGAGE COMPANY 2 3.44% $6,726
UNION HOME MORTGAGE CORP. 2 3.31% $3,773
Loan Simple, Inc. 2 1.69% $1,879
MORTGAGE ACCESS CORP. 2 3.62% $3,502
UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $3,638
USAA Federal Savings Bank 1 2.75% $6,107
U.S. Bank 1 2.88% $4,907
Waterstone Mortgage Corporation 1 2.88% $6,808
ZILLOW HOME LOANS, LLC 1 2.38% $10,599
Access Community Credit Union 1 4.38% $3,845
Ally Bank 1 2.63% $9,231
AMERICAN FINANCIAL NETWORK, INC. 1 3.13% $9,439
AMERICAN FINANCING CORPORATION 1 3.25% $4,292
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $4,996
Axos Bank 1 3.25% $2,460
BOKF 1 2.88% $4,273
CALIBER HOME LOANS, INC. 1 2.75% $4,828
CMG MORTGAGE, INC. 1 2.88% $6,971
Colonial Savings, F.A. 1 3.25% $3,615
CORNERSTONE HOME LENDING, INC. 1 3.38% $8,626
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.88% $3,620
First Bank & Trust 1 3.13% $3,835
First Financial Bank 1 2.88% $6,361
Flagstar Bank, FSB 1 4.13% $4,560
FREEDOM MORTGAGE CORPORATION 1 3.38% $2,226
GUARANTEED RATE AFFINITY, LLC 1 2.63% $0
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.13% $4,690
KeyBank 1 2.00% $2,959
LAKEVIEW LOAN SERVICING, LLC 1 2.99% $2,761
Mortgage Research Center, LLC 1 3.25% $954
MOVEMENT MORTGAGE, LLC 1 2.88% $2,072
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.88% $6,467
NATIONS RELIABLE LENDING, LLC 1 3.25% $4,826
NATIONWIDE MORTGAGE BANKERS, INC. 1 2.88% $2,182
NAVY FEDERAL CREDIT UNION 1 5.00% $6,249
PENTAGON FEDERAL CREDIT UNION 1 3.13% $3,462
Pioneer Bank 1 5.50% $6,915
Prosperity Home Mortgage, LLC 1 3.38% $4,316
Renasant Bank 1 2.75% $3,188
SCHLUMBERGER EMPLOYEES CREDIT UNION 1 2.75% $1,559
Southwest Bank 1 3.75% $3,301
TEXAS TECH 1 3.38% $4,904
TIAA, FSB 1 2.99% $5,592
UNIFY FINANCIAL Credit Union 1 2.88% $2,427

Hobbs, NM's 76 lenders originated 1,423 loans during 2021. The total origination value was $265,335,000, with an average loan value of $186,462.

The top Hobbs lender as defined by loan originations is QUICKEN LOANS, LLC, with 71 loans originated. Their average total fees are $5,379, which is $2,371 higher than the next largest lender, Paramount Residential Mortgage Group, Inc..

The lowest fee Hobbs lenders (with over 10 loans originated) are Paramount Residential Mortgage Group, Inc. ($3,008), Wells Fargo Bank ($3,867), Neighborhood Loans, Inc. ($4,136), LOANDEPOT.COM, LLC ($4,291) and QUICKEN LOANS, LLC ($5,379).

The lowest rate Hobbs lenders (with over 10 loans originated) are Paramount Residential Mortgage Group, Inc. (3.11%), LOANDEPOT.COM, LLC (3.11%), QUICKEN LOANS, LLC (3.12%), GENEVA FINANCIAL, LLC (3.19%) and Wells Fargo Bank (3.25%).

Hobbs, NM Lender Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Paramount Residential Mortgage Group, Inc. $14,070,000 $37,475,000 166.3% 14.1%
QUICKEN LOANS, LLC $25,245,000 $36,055,000 42.8% 13.6%
Neighborhood Loans, Inc. $24,810,000 $22,875,000 -7.8% 8.6%
GENEVA FINANCIAL, LLC $12,375,000 $16,405,000 32.6% 6.2%
FREEDOM MORTGAGE CORPORATION $9,530,000 $11,615,000 21.9% 4.4%
CROSSCOUNTRY MORTGAGE, LLC $1,515,000 $10,890,000 618.8% 4.1%
SOUTHWEST FUNDING, LP $9,150,000 $9,290,000 1.5% 3.5%
LOANDEPOT.COM, LLC $4,915,000 $8,030,000 63.4% 3.0%
21ST MORTGAGE CORPORATION $8,740,000 $7,220,000 -17.4% 2.7%
NEWREZ LLC $2,195,000 $6,840,000 211.6% 2.6%
First American Bank $8,800,000 $6,675,000 -24.1% 2.5%
Mr. Cooper ( Nationstar Mortgage ) $5,870,000 $6,000,000 2.2% 2.3%
Wells Fargo Bank $5,580,000 $5,075,000 -9.1% 1.9%
ACADEMY MORTGAGE CORPORATION $1,080,000 $3,600,000 233.3% 1.4%
PENNYMAC LOAN SERVICES, LLC $2,135,000 $3,390,000 58.8% 1.3%
UNION HOME MORTGAGE CORP. $450,000 $3,285,000 630.0% 1.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $7,235,000 $3,125,000 -56.8% 1.2%
LAKEVIEW LOAN SERVICING, LLC $1,355,000 $2,865,000 111.4% 1.1%
Mortgage Research Center, LLC $3,855,000 $2,610,000 -32.3% 1.0%
Western Commerce Bank $2,440,000 $2,360,000 -3.3% 0.9%
VILLAGE CAPITAL & INVESTMENT LLC $900,000 $2,265,000 151.7% 0.9%
Carrington Mortgage Services, LLC $5,535,000 $1,995,000 -64.0% 0.8%
AMERISAVE MORTGAGE CORPORATION $2,210,000 $1,875,000 -15.2% 0.7%
Waterstone Mortgage Corporation $1,375,000 $1,870,000 36.0% 0.7%
First National Bank Texas $115,000 $1,825,000 1,487.0% 0.7%
NAVY FEDERAL CREDIT UNION $1,065,000 $1,755,000 64.8% 0.7%
UNITED WHOLESALE MORTGAGE, LLC $6,470,000 $1,660,000 -74.3% 0.6%
CHERRY CREEK MORTGAGE, LLC $3,595,000 $1,520,000 -57.7% 0.6%
MICHIGAN MUTUAL, INC. $730,000 $1,420,000 94.5% 0.5%
JPMorgan Chase Bank $505,000 $1,340,000 165.3% 0.5%
BROKER SOLUTIONS, INC. $2,665,000 $1,320,000 -50.5% 0.5%
OCEANSIDE MORTGAGE COMPANY $465,000 $1,320,000 183.9% 0.5%
AMCAP MORTGAGE, LTD. $145,000 $1,295,000 793.1% 0.5%
Community National Bank $1,205,000 n/a 0.5%
MYCUMORTGAGE, LLC $530,000 $1,120,000 111.3% 0.4%
USAA Federal Savings Bank $2,330,000 $1,075,000 -53.9% 0.4%
GUARANTEED RATE, INC. $270,000 $1,020,000 277.8% 0.4%
PRIMARY RESIDENTIAL MORTGAGE, INC. $465,000 $1,000,000 115.1% 0.4%
CALIBER HOME LOANS, INC. $1,255,000 $980,000 -21.9% 0.4%
NEW DAY FINANCIAL, LLC $950,000 $885,000 -6.8% 0.3%
BETTER MORTGAGE CORPORATION $810,000 $860,000 6.2% 0.3%
U.S. Bank $850,000 n/a 0.3%
First Guaranty Mortgage Corporation $665,000 $840,000 26.3% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $410,000 $795,000 93.9% 0.3%
The Federal Savings Bank $1,240,000 $760,000 -38.7% 0.3%
Barrington Bank & Trust Company, N.A. $730,000 $755,000 3.4% 0.3%
GUILD MORTGAGE COMPANY $395,000 $675,000 70.9% 0.3%
First Bank & Trust $230,000 $640,000 178.3% 0.2%
PLANET HOME LENDING, LLC $3,395,000 $630,000 -81.4% 0.2%
Washington Federal Bank $190,000 $630,000 231.6% 0.2%
CMG MORTGAGE, INC. $2,365,000 $615,000 -74.0% 0.2%
SOUTHWEST STAGE FUNDING, LLC $1,215,000 $580,000 -52.3% 0.2%
BOKF $865,000 $575,000 -33.5% 0.2%
COUNTRYPLACE MORTGAGE, LTD. $575,000 n/a 0.2%
Wyndham Capital Mortgage, Inc. $565,000 n/a 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,680,000 $550,000 -67.3% 0.2%
Commerce Home Mortgage, Inc. $250,000 $545,000 118.0% 0.2%
Sunflower Bank $125,000 $545,000 336.0% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $205,000 $520,000 153.7% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $285,000 $520,000 82.5% 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $785,000 $515,000 -34.4% 0.2%
Ally Bank $95,000 $505,000 431.6% 0.2%
Loan Simple, Inc. $495,000 n/a 0.2%
PNC Bank $480,000 n/a 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $395,000 $480,000 21.5% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $3,425,000 $475,000 -86.1% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $470,000 n/a 0.2%
Bank of England $350,000 $465,000 32.9% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $470,000 $460,000 -2.1% 0.2%
First Financial Bank $460,000 n/a 0.2%
Flagstar Bank, FSB $185,000 $430,000 132.4% 0.2%
Manufacturers and Traders Trust Company $405,000 n/a 0.2%
TEXAS TECH $870,000 $390,000 -55.2% 0.1%
MORTGAGE ACCESS CORP. $265,000 $360,000 35.8% 0.1%
Low VA Rates, LLC $445,000 $355,000 -20.2% 0.1%
HOME POINT FINANCIAL CORPORATION $6,185,000 $350,000 -94.3% 0.1%
b1BANK $345,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $440,000 $335,000 -23.9% 0.1%
CORNERSTONE HOME LENDING, INC. $325,000 n/a 0.1%
Prosperity Home Mortgage, LLC $325,000 n/a 0.1%
TIAA, FSB $165,000 $325,000 97.0% 0.1%
AmeriHome Mortgage Company, LLC $320,000 n/a 0.1%
BNC National Bank $295,000 n/a 0.1%
Colonial Savings, F.A. $1,810,000 $295,000 -83.7% 0.1%
GUARANTEED RATE AFFINITY, LLC $245,000 $295,000 20.4% 0.1%
PENTAGON FEDERAL CREDIT UNION $155,000 $295,000 90.3% 0.1%
AMERICAN FINANCING CORPORATION $285,000 n/a 0.1%
Axos Bank $285,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $515,000 $285,000 -44.7% 0.1%
RANLIFE, INC. $275,000 n/a 0.1%
CLEARPATH LENDING $860,000 $255,000 -70.3% 0.1%
NP, Inc. $205,000 $255,000 24.4% 0.1%
Pioneer Bank $1,760,000 $255,000 -85.5% 0.1%
KeyBank $245,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $455,000 $240,000 -47.3% 0.1%
Nations Lending Corporation $230,000 $240,000 4.3% 0.1%
SCHLUMBERGER EMPLOYEES CREDIT UNION $225,000 n/a 0.1%
InterContinental Capital Group, Inc $215,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $215,000 n/a 0.1%
Strong Home Mortgage, LLC $215,000 n/a 0.1%
First Federal Bank $195,000 $205,000 5.1% 0.1%
Happy State Bank $105,000 $195,000 85.7% 0.1%
Renasant Bank $195,000 n/a 0.1%
SANDIA AREA $195,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $330,000 $190,000 -42.4% 0.1%
Equity Prime Mortgage LLC $175,000 n/a 0.1%
IMPAC MORTGAGE CORP. $175,000 n/a 0.1%
RESIDENTIAL BANCORP. $175,000 n/a 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $175,000 n/a 0.1%
Bank of America $470,000 $165,000 -64.9% 0.1%
MOVEMENT MORTGAGE, LLC $165,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $255,000 $165,000 -35.3% 0.1%
Truist Bank $165,000 n/a 0.1%
AMERICAN ADVISORS GROUP $330,000 $160,000 -51.5% 0.1%
NOVA FINANCIAL & INVESTMENT CORPORATION $155,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $145,000 n/a 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $145,000 n/a 0.1%
Access Community Credit Union $125,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $485,000 $125,000 -74.2% 0.0%
UNIFY FINANCIAL Credit Union $125,000 n/a 0.0%
ARC HOME LLC $115,000 n/a 0.0%
Discover Bank $35,000 $115,000 228.6% 0.0%
NATIONS RELIABLE LENDING, LLC $125,000 $115,000 -8.0% 0.0%
MOUNTAIN AMERICA $105,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $65,000 $95,000 46.2% 0.0%
FIRST COMMUNITY MORTGAGE, INC. $75,000 n/a 0.0%
LOANPAL, LLC $145,000 $75,000 -48.3% 0.0%
Southwest Bank $215,000 $75,000 -65.1% 0.0%
Home Loan Investment Bank, F.S.B. $25,000 $55,000 120.0% 0.0%

Hobbs's top lender by overall market share is Paramount Residential Mortgage Group, Inc., with 14.1% market share. In second place, with 13.6%, is QUICKEN LOANS, LLC, having originated $36,055,000 in loans. In third place, with 8.6%, is Neighborhood Loans, Inc., having originated $22,875,000 in loans. In third place, with 6.2%, is GENEVA FINANCIAL, LLC, having originated $16,405,000 in loans. In third place, with 4.4%, is FREEDOM MORTGAGE CORPORATION, having originated $11,615,000 in loans.


Hobbs, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 776 $153,790,000 $198,183
Refi 480 $88,610,000 $184,604
Cash Out Refi 144 $21,070,000 $146,319
Home Improvement 13 $755,000 $58,077
Other 10 $1,110,000 $111,000

Hobbs's most frequently cited loan purpose was Home Purchase, with 776 originations. The 2nd most popular reason was Refi, with 480 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 537 $104,015,000 $193,696
3-4% 518 $99,280,000 $191,660
<2.5% 204 $40,310,000 $197,598
4-5% 38 $6,400,000 $168,421
Over 8% 31 $3,285,000 $105,968
5-6% 30 $3,380,000 $112,667
6-7% 25 $2,865,000 $114,600
7-8% 22 $2,220,000 $100,909

During 2021, Hobbs's most frequently originated rate bucket was 2.5-3%, with 537 originations.

Loan Sizing (Hobbs, NM MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 683 $102,625,000 $150,256
$200k-400k 515 $135,735,000 $263,563
$100,000 or less 197 $13,375,000 $67,893
$400k-600k 27 $12,395,000 $459,074
$Over $1MM 1 $1,205,000 $1,205,000

Hobbs's loan sizing saw the bucket of loans from $100k-200k with 683 originations, totaling $102,625,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 914 $185,000,000 $202,407
60-80% 257 $41,565,000 $161,732
40-60% 79 $10,005,000 $126,646
20-40% 27 $2,235,000 $82,778
Over 100% 21 $5,395,000 $256,905
Under 20% 21 $185,000 $8,810

Hobbs's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 914 originations, totaling $185,000,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Hobbs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $167,450 (-6.7%) $191,769 (-2.3%) 0.00 224
2018-02-01 $163,500 (-7.8%) $190,534 (-0.8%) 0.00 220
2018-03-01 $163,000 (-4.1%) $194,457 (1.9%) 0.00 193
2018-04-01 $167,450 (-4.3%) $196,831 (1.6%) 0.00 168
2018-05-01 $179,450 (2.5%) $207,618 (5.7%) 0.00 160
2018-06-01 $179,500 (5.6%) $213,480 (8.4%) 0.00 154
2018-07-01 $175,750 (-0.4%) $217,703 (5.9%) 0.00 136
2018-08-01 $181,750 (1.0%) $215,533 (3.7%) 0.00 139
2018-09-01 $176,000 (-1.1%) $210,239 (1.4%) 0.00 133
2018-10-01 $177,250 (0.0%) $208,030 (2.6%) 0.00 123
2018-11-01 $183,500 (3.7%) $216,164 (7.2%) 0.00 123
2018-12-01 $190,000 (7.0%) $225,408 (13.0%) 0.00 106
2019-01-01 $197,000 (17.7%) $239,044 (24.7%) 0.00 83
2019-02-01 $194,250 (18.8%) $236,086 (23.9%) 0.00 87
2019-03-01 $198,714 (21.9%) $239,504 (23.2%) 0.00 77
2019-04-01 $198,964 (18.8%) $235,882 (19.8%) 0.00 81
2019-05-01 $188,950 (5.3%) $230,641 (11.1%) 0.00 89
2019-06-01 $190,000 (5.9%) $226,551 (6.1%) 0.00 101
2019-07-01 $178,000 (1.3%) $215,205 (-1.2%) 0.00 116
2019-08-01 $176,669 (-2.8%) $212,180 (-1.6%) 0.00 114
2019-09-01 $174,709 (-0.7%) $214,646 (2.1%) 0.00 108
2019-10-01 $183,210 (3.4%) $229,558 (10.4%) 0.00 119
2019-11-01 $185,000 (0.8%) $231,544 (7.1%) 0.00 137
2019-12-01 $185,500 (-2.4%) $228,390 (1.3%) 0.00 127
2020-01-01 $183,920 (-6.6%) $230,479 (-3.6%) 0.00 112
2020-02-01 $188,000 (-3.2%) $224,236 (-5.0%) 0.00 117
2020-03-01 $198,950 (0.1%) $236,188 (-1.4%) 0.00 106
2020-04-01 $207,500 (4.3%) $234,497 (-0.6%) 0.00 122
2020-05-01 $195,000 (3.2%) $233,607 (1.3%) 0.00 123
2020-06-01 $185,500 (-2.4%) $224,358 (-1.0%) 0.00 121
2020-07-01 $192,750 (8.3%) $228,742 (6.3%) 0.00 109
2020-08-01 $199,900 (13.2%) $237,450 (11.9%) 0.00 103
2020-09-01 $202,750 (16.1%) $226,499 (5.5%) 0.00 117
2020-10-01 $189,900 (3.7%) $229,106 (-0.2%) 0.00 114
2020-11-01 $185,500 (0.3%) $227,837 (-1.6%) 0.00 123
2020-12-01 $185,250 (-0.1%) $226,825 (-0.7%) 0.00 138
2021-01-01 $185,500 (0.9%) $231,349 (0.4%) 0.00 140
2021-02-01 $194,406 (3.4%) $234,512 (4.6%) 0.00 151
2021-03-01 $201,106 (1.1%) $233,076 (-1.3%) 0.00 141
2021-04-01 $199,900 (-3.7%) $236,273 (0.8%) 0.00 128
2021-05-01 $195,500 (0.3%) $228,666 (-2.1%) 0.00 130
2021-06-01 $197,250 (6.3%) $236,274 (5.3%) 0.00 150
2021-07-01 $195,000 (1.2%) $228,026 (-0.3%) 0.00 151
2021-08-01 $192,000 (-4.0%) $229,260 (-3.5%) 0.00 155
2021-09-01 $190,950 (-5.8%) $230,181 (1.6%) 0.00 146
2021-10-01 $189,900 (0.0%) $221,500 (-3.3%) 0.00 148
2021-11-01 $189,700 (2.3%) $229,063 (0.5%) 0.00 148
2021-12-01 $189,750 (2.4%) $230,170 (1.5%) 0.00 136
2022-01-01 $196,000 (5.7%) $242,357 (4.8%) 0.00 122
2022-02-01 $208,656 (7.3%) $259,813 (10.8%) 0.00 120
2022-03-01 $222,500 (10.6%) $267,630 (14.8%) 0.00 109
2022-04-01 $215,000 (7.6%) $265,433 (12.3%) 0.00 103
2022-05-01 $200,906 (2.8%) $256,867 (12.3%) 0.00 94
Hobbs's median listing price for 2022-05-01 was $200,906, a difference of $5,406 (2.8%) versus the prior year and $-14,094 versus the prior month.

Hobbs's median listing price comes in at 0% of the national average.

Hobbs's average listing price for 2022-05-01 was $256,867, a difference of $28,201 (12.3%) versus the prior year and $-8,566 versus the prior month.

For the 2022-05-01 period, Hobbs had 94 MLS listings, a difference of -9 listings (-9%) versus the prior month and -36 listings (-28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Hobbs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,664 sqft
2018-02-01 0 days 1,641 sqft
2018-03-01 0 days 1,641 sqft
2018-04-01 0 days 1,623 sqft
2018-05-01 0 days 1,694 sqft
2018-06-01 0 days 1,718 sqft
2018-07-01 0 days 1,705 sqft
2018-08-01 0 days 1,804 sqft
2018-09-01 0 days 1,866 sqft
2018-10-01 0 days 1,885 sqft
2018-11-01 0 days 1,903 sqft
2018-12-01 0 days 1,905 sqft
2019-01-01 0 days 1,922 sqft
2019-02-01 0 days 1,878 sqft
2019-03-01 0 days 1,869 sqft
2019-04-01 0 days 1,884 sqft
2019-05-01 0 days 1,866 sqft
2019-06-01 0 days 1,892 sqft
2019-07-01 0 days 1,623 sqft
2019-08-01 0 days 1,695 sqft
2019-09-01 0 days 1,720 sqft
2019-10-01 0 days 1,866 sqft
2019-11-01 0 days 1,802 sqft
2019-12-01 0 days 1,801 sqft
2020-01-01 0 days 1,731 sqft
2020-02-01 0 days 1,802 sqft
2020-03-01 0 days 1,853 sqft
2020-04-01 0 days 1,880 sqft
2020-05-01 0 days 1,754 sqft
2020-06-01 0 days 1,683 sqft
2020-07-01 0 days 1,833 sqft
2020-08-01 0 days 1,892 sqft
2020-09-01 0 days 1,850 sqft
2020-10-01 0 days 1,901 sqft
2020-11-01 0 days 1,778 sqft
2020-12-01 0 days 1,806 sqft
2021-01-01 0 days 1,830 sqft
2021-02-01 0 days 1,838 sqft
2021-03-01 0 days 1,865 sqft
2021-04-01 0 days 1,859 sqft
2021-05-01 0 days 1,812 sqft
2021-06-01 0 days 1,818 sqft
2021-07-01 0 days 1,815 sqft
2021-08-01 0 days 1,864 sqft
2021-09-01 0 days 1,804 sqft
2021-10-01 0 days 1,800 sqft
2021-11-01 0 days 1,780 sqft
2021-12-01 0 days 1,732 sqft
2022-01-01 0 days 1,818 sqft
2022-02-01 0 days 1,823 sqft
2022-03-01 0 days 1,865 sqft
2022-04-01 0 days 1,834 sqft
2022-05-01 0 days 1,801 sqft
Hobbs's median listing age (time on market) for 2022-05-01 was 0 days.

Hobbs's median square footage for active listings during the 2022-05-01 period was 1,801 sqft. One year prior, the average listing was 1,812 sqft.