Lubbock - TX housing market
The Lubbock metro has a typical home value of $211,490, up 1.3% from a year ago. Homes sell in 31 days on average - a balanced market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($211,490) is the Zillow Home Value Index for the Lubbock - TX metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.3% over the past year. In Lubbock - TX, that means a home worth $208,776 last year is now worth roughly $211,490.
The median sale price , what homes actually close for , is $232,635. Homes are selling at 96.9% of list price, meaning buyers have room to negotiate.
Homes listed in Lubbock - TX sit on the market for roughly 31 days before going pending. Shorter = seller's market; longer = buyer's market.
About 23.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 480 new listings hit the market each month in Lubbock - TX. There are currently 1,743 homes for sale, up 3.7% from a year ago.
The typical monthly rent in Lubbock - TX is $1,402, up 1.7% year over year. For investors, the price-to-rent ratio here is roughly 13x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
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Other metros in TX
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Dallas - TX | $366,743 | -3.5% | 28.0d |
| Houston - TX | $308,211 | -2.0% | 38.0d |
| San Antonio - TX | $280,170 | -2.1% | 48.0d |
| Austin - TX | $430,490 | -6.0% | 49.0d |
| McAllen - TX | $192,808 | +0.5% | 82.0d |
| El Paso - TX | $231,422 | +1.5% | 35.0d |