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Is Lubbock, TX 79404 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 8.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.2Under 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 market56Listing to accepted offer
Median price per sq ft$96▼ −45.4% vs. last year

The Lubbock housing market right now

In the three months ending August 31, 2026, 0% of homes in Lubbock, TX 79404 sold above their list price, the typical home went under contract in 56 days and there were 8.2 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 22 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (24 days then) and the median sale price fell 50% to $114,950. Overall, Lubbock is less competitive than a year ago, which gives buyers more room.

Within Lubbock County, homes here sell more slowly than in 81% 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 79404

Prefilled for 79404Can I win this house?Multiple-offer likelihood for a listing Prefilled for 79404Over-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 79401Buyer’s market $114 /sq ftLubbock 79403Buyer’s market $124 /sq ftLubbock 79410Balanced $121 /sq ft Browse all markets →

Towns like Lubbock nearby

Find towns like Lubbock in other states →
Slaton, TX79364 · 13 miles away94% similarVery close on income, prices and more Brownfield, TX79316 · 35 miles away90% similarVery close on income, prices and more Littlefield, TX79339 · 39 miles away90% similarVery close on income, prices and more Lubbock, TX79403 · 7 miles away89% similarlarger

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 8.2 months of supply in Lubbock, TX 79404 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 56 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 $114,950 in the three months ending August 31, 2026, about $96 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