Lubbock - TX housing market
The Lubbock metro has a typical home value of $214,061, up 2.0% from a year ago. Homes sell in 23 days on average, a balanced market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($214,061) 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 2.0% over the past year. In Lubbock - TX, that means a home worth $209,864 last year is now worth roughly $214,061.
The median sale price , what homes actually close for , is $231,603. Homes are selling at 97.6% of list price, meaning buyers have room to negotiate.
Homes listed in Lubbock - TX sit on the market for roughly 23 days before going pending. Shorter = seller's market; longer = buyer's market.
About 25.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 504 new listings hit the market each month in Lubbock - TX. There are currently 1,800 homes for sale, down 3.2% from a year ago.
The typical monthly rent in Lubbock - TX is $1,405, 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 | $366,701 | -3.0% | 25.0d |
| Houston - TX | $308,933 | -2.1% | 33.0d |
| San Antonio - TX | $280,370 | -1.9% | 37.0d |
| Austin - TX | $426,944 | -5.7% | 45.0d |
| McAllen - TX | $194,546 | +0.4% | 83.0d |
| El Paso - TX | $233,297 | +1.7% | 30.0d |