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Is Lubbock, TX 79401 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Lubbock is a buyer’s market. With about 6.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market11Listing to accepted offer
Median price per sq ft$114▼ −8.7% vs. last year

The Lubbock housing market right now

In the three months ending August 31, 2026, 0% of homes in Lubbock, TX 79401 sold above their list price, the typical home went under contract in 11 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 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 24% to $230,150. Overall, Lubbock is more competitive than a year ago, so tougher for buyers.

Within Lubbock County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

Run the numbers for 79401

Prefilled for 79401Can I win this house?Multiple-offer likelihood for a listing Prefilled for 79401Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Idalou 79329Balanced $208 /sq ftLubbock 79403Buyer’s market $124 /sq ftLubbock 79404Buyer’s market $96 /sq ftLubbock 79410Balanced $121 /sq ft Browse all markets →

Towns like Lubbock nearby

Find towns like Lubbock in other states →
Lubbock, TX79415 · 1 miles away56% similarlarger · more homeowners Lubbock, TX79414 · 4 miles away38% similarpricier homes ($52K more) · larger Lubbock, TX79411 · 1 miles away23% similarpricier homes ($28K more) · older residents Lubbock, TX79412 · 3 miles away16% similarpricier homes ($25K more) · larger

Where Lubbock is

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Questions about Lubbock real estate

Is Lubbock a buyer’s or seller’s market?

A buyer’s market: there were 6.1 months of supply in Lubbock, TX 79401 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 Lubbock?

The typical home went under contract in 11 days in the latest three months.

Do homes in Lubbock sell over asking?

0% of homes sold above their original list price.

What are property taxes in Lubbock?

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 Lubbock?

The median sale price was $230,150 in the three months ending August 31, 2026, about $114 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