Is Shallowater, TX 79363 a buyer’s or seller’s market?
Shallowater is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Shallowater housing market right now
In the three months ending August 31, 2026, 0% of homes in Shallowater, TX 79363 sold above their list price, the typical home went under contract in 20 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 23 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (47 days then) and the median sale price rose 17% to $407,274. Overall, Shallowater is more competitive than a year ago, so tougher for buyers.
Within Lubbock County, homes here sell faster than in 94% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 79363
Nearby markets
Idalou 79329Balanced $208 /sq ftLubbock 79401Buyer’s market $114 /sq ftLubbock 79403Buyer’s market $124 /sq ftLubbock 79404Buyer’s market $96 /sq ft Browse all markets →Towns like Shallowater nearby
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Questions about Shallowater real estate
Is Shallowater a buyer’s or seller’s market?
A balanced market: there were 4.5 months of supply in Shallowater, TX 79363 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Shallowater?
The typical home went under contract in 20 days in the latest three months.
Do homes in Shallowater sell over asking?
0% of homes sold above their original list price.
What are property taxes in Shallowater?
About 1.51% of a home’s value a year in Lubbock County, or roughly $6,040 on a $400,000 home.
What is the median home price in Shallowater?
The median sale price was $407,274 in the three months ending August 31, 2026, about $191 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology