Name: Median List Price — ZIP 88240 All Residential, March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

What was the median list price in Hobbs (88240)?

Accepted Answer

The median list price for All Residential homes in ZIP 88240 was $265,000 for the 90-day period ending 2026-03-31, based on Redfin data.

Question 2

What does the median list price in 88240 mean for sellers?

Accepted Answer

The median list price reflects what sellers of All Residential homes in ZIP 88240 are asking — not what homes are closing for. At $265,000, this is the midpoint of all asking prices in the 90-day period ending 2026-03-31. Half of sellers listed higher; half listed lower.

Question 3

How is the median list price in 88240 calculated?

Accepted Answer

The median list price for ZIP 88240 is derived from active and recently listed All Residential properties recorded over the 90-day period ending 2026-03-31. It is the midpoint value — not an average — across all asking prices in that period. Data source: Redfin.

Question 4

Is the median list price in 88240 higher or lower than last year?

Accepted Answer

The median list price in ZIP 88240 is down 6.7% compared to the same 90-day period one year ago, as of March 31, 2026.

Question 5

How does the median list price compare to the median sale price in 88240?

Accepted Answer

In ZIP 88240, the median list price was $265,000 and the median sale price was $265,000 for the 90-day period ending 2026-03-31. Sellers were asking a median of at the same level where buyers are closing.

Homes in 88240 listed at a median of $265,000, down 6.7% from last year.