88242 Home Values & Market Trends
There are 62 homes currently listed for 88242. 88242 real estate market trends show that home prices range from $205,000 to $205,000, and the median sales price in the 88242 zip code is $311,609. The total number of properties sold within the past twelve months is 105. In 88242, 1 properties are in foreclosure, 1 are bank owned properties,and 0 are headed for auction.
88242 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Hobbs | $ 280,047 $ 145/sqft |
Housing Market Summary for 88242
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $205K | $205K | - |
| Median Sold Price | $271.5K | $228.9K | -15.72% |
| Homes For Sale | 28 | 58 | 107.14% |
| Homes Sold | 34 | 82 | 141.18% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 88242
Browse Homes in 88242
The median list price of a home in Hobbs, is $311,609. A total of 62 properties are for sale, and the percentage of properties for sale in the zip code is 62.00%. The total count of 88242 properties is 150.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 88242 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 88242; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 88242 ranges from the highest value of $318,260 in hobbs to the lowest value of $129,708 in hobbs. Bank owned homes and properties account for 0.67% of properties in 88242. There is 1 cities within 88242; hobbs containing 11 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of 88242. Auction homes and other auction properties account for 0% of all properties in 88242. There is 1 cities within 88242; of that cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for 88242
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.