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Featured local agent — Lubbock, TX
Sarah Mitchell
Compass Real Estate · Lubbock, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lubbock, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$242,000median sale price
How is the Lubbock, TX housing market right now?
The median home sale price in Lubbock, TX is $242,000, up 0.9% year-over-year. Homes sell in an average of 42 days with 1,216 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lubbock a buyer's or seller's market?
Lubbock, TX is currently a seller's market, based on 2.9 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
413
Last 12 weeks
Days on market
42
Average pace
Active listings
1,216
2.9 months supply
Sale-to-list
—
Below asking
What does the Lubbock housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $242,000 |
| Median list price | $235,000 |
| Year-over-year price change | +0.9% |
| Average days on market | 42 days |
| Active inventory | 1,216 listings |
| Months of supply | 2.9 months |
| Median price per sq ft | $140/sq ft |
| Homes sold (latest month) | 413 |
| New listings (latest month) | 487 |
| Listings with a price cut | 25.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lubbock by property type?
How the Lubbock, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $242,000 | $142/sq ft | 389 | 42 days |
| Condo / Co-op | $115,000 | $114/sq ft | 3 | 95 days |
| Townhouse | $212,900 | $140/sq ft | 7 | 32 days |
Source: Redfin · Updated monthly
The Lubbock housing market is currently classified as a seller's market with a median sale price of $242,000. Prices have risen 0.9% compared to last year, with homes spending an average of 42 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Lubbock
There are currently 1,216 homes listed for sale in Lubbock, Texas. The median listing price is $235K.
Active listings
1,216
Homes on market
Median list price
$235K
Avg. days on market
42
Days until sale
New this week
487
Newly listed
Who lives in Lubbock?
Population
261,078
Median income
$60,487/yr
Median age
30.4 years
Owner-occupied
50.8%
College grads
34.9%
Avg commute
16.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Lubbock?
Zillow home value
$213,159
Zillow rent index
$1,401/mo
Price-to-rent ratio
12.7x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Lubbock?
Lubbock is a community of approximately 261K residents with a median age of 30.4 years.The median household income is $60,487, which represents a working-class community with solid middle-income opportunities. 34.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 50.8%, showing a blend of owner and renter-occupied properties. The average commute time is 16.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lubbock offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lubbock?
50 schools tracked · 35,608 students
The largest public schools serving Lubbock, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MONTEREY H S
Grades 9-12 · 2,081 students
LUBBOCK-COOPER H S
Grades 9-12 · 1,942 students
CORONADO H S
Grades 9-12 · 1,904 students
LUBBOCK H S
Grades 9-12 · 1,893 students
LUBBOCK-COOPER MIDDLE
Grades 6-8 · 971 students
LUBBOCK-COOPER CENTRAL EL
Grades PK-5 · 911 students
UPLAND HEIGHTS EL
Grades PK-5 · 883 students
ESTACADO H S
Grades 9-12 · 865 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lubbock, TX?
Want a head-to-head view? Compare Lubbock side-by-side with any other U.S. city using our market-comparison tool.
Is Lubbock a good real estate investment market?
For investors evaluating Lubbock, the price-to-rent ratio of 12.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 0.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lubbock's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lubbock's median home price.
Frequently asked questions
What is the average home price in Lubbock?
The median home sale price in Lubbock is $242,000, up 0.9% from last year.
How long do homes stay on market in Lubbock?
Homes typically spend 42 days on market before going under contract.
What is the median income in Lubbock?
The median household income is $60,487 per year.
Is Lubbock a buyer's or seller's market?
With 2.9 months of supply, Lubbock is currently a seller's market.
What is the Zillow home value estimate for Lubbock?
The Zillow Home Value Index (ZHVI) for Lubbock is $213,159, representing the typical home value in the area.
What is the median condo price in Lubbock?
The median condo/co-op sale price in Lubbock, TX is $115,000, compared to $242,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lubbock?
The median single-family home price in Lubbock, TX is $242,000 (about $142 per square foot).
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