Market Intelligence Report — TX-180

Lubbock, TX

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-TX-08
As of the latest 2026 data
Cooling

Median Listing

$240K
-4.0% YoY

Pending Ratio

0.38
+5.3% YoY

Active Inventory

1,638
-5.7% YoY

Median DOM

45 Days
-13.5% YoY

Primary Intelligence Tool — Sold Score™

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The Lubbock market is categorized as Cooling, with a pending ratio of 0.38 indicating demand absorption is moderate relative to supply. The median listing price has declined by 4.0% year-over-year, reflecting some price recalibration.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.4%+0.4 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

368,431+1.0% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Lubbock market right now.

Active listings have contracted by 5.7% over the past year, while new listings saw a substantial increase of 23.6% in the latest data. Concurrently, the median listing price has shown a year-over-year decrease of 4.0%, accompanied by a month-over-month decline of 2.5%. Despite the softening prices, median days on market shortened by 13.5% annually, suggesting some underlying transaction velocity.

Andrew Mazzolini
Andrew Mazzolini
Keller Williams Realty

Local pricing and inventory dynamics across Lubbock shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$240K-2.5% MoM

Active Inventory

1,638-5.7% YoY

Days on Market

45-13.5% YoY

Sold Score™

62+5.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

62
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.38, demand is not strongly outpacing available inventory, which points to a more balanced environment for transaction negotiations. The market exhibits characteristics where price discipline may be more pronounced, and the pace of absorption allows for considered decision-making rather than rapid bidding dynamics.

Luxury Segment

The average listing price increased by 2.2% year-over-year, contrasting with a 4.0% decline in the median listing price. This divergence, coupled with a minimal 0.2% annual increase in median $/sqft, suggests some softening in the higher price tiers despite the overall average price increase.

Supply Dynamics

1,638 active listings represent the current floor, with new supply arriving at roughly 628 per month.

Pricing Pressure
18.5%

of active listings carry a price reduction, -2.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.2% year-over-year.

Absorption
0.38

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Lubbock, TX? Homes here are taking 7 days less to sell than last year.

Buyers have leverage in Lubbock, TX. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
38%
Median Days on Market
45 days
Inventory YoY
−6%

In a buyer's market, strategy beats timing. See how your home scores in Lubbock, TX and what moves the number.

See my Sold Score & selling strategy

Talk to a listing expert who is actively selling in Lubbock, TX.

Andrew Mazzolini

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

Metro Area
Lubbock, TX
CBSA Code
31180
State
TX

ZIPs in Lubbock, TX

Sorted by active inventory · click a ZIP for its full report

Vetted Local Practitioners

Direct Consultation

Need a real Lubbock expert on the phone?

Skip the search. Our vetted local practitioners know the Lubbock, TX micro-markets, pricing strategy, and negotiation dynamics — and they answer the phone.

Analysis FAQ
  • What is the current market condition in Lubbock?+

    As of the latest 2026 data, the Lubbock metro is classified as Cooling. Pending ratio is 0.38 with median days on market at 45.

  • Are home prices dropping in Lubbock?+

    Median listing price is $240K, -4.0% year over year. 18.5% of active listings carry a price reduction.

  • How fast are homes selling in Lubbock?+

    The typical listing sits 45 days on market, a -13.5% change YoY. New listings are arriving at 628 per month.

  • What's happening in the Lubbock luxury market?+

    The average listing price increased by 2.2% year-over-year, contrasting with a 4.0% decline in the median listing price. This divergence, coupled with a minimal 0.2% annual increase in median $/sqft, suggests some softening in the higher price tiers despite the overall average price increase.

  • Where can I find a trusted Lubbock real estate expert?+

    Primpted maintains a vetted registry of Lubbock agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 31180 · 36mo history