Is Lubbock, TX 79407 a buyer’s or seller’s market?
Lubbock is a seller’s market. With about 3.8 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Lubbock housing market right now
In the three months ending August 31, 2026, 0% of homes in Lubbock, TX 79407 sold above their list price, the typical home went under contract in 77 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 179 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (83 days then) and the median sale price fell 9% to $248,642. Overall, Lubbock is about as competitive as it was a year ago.
Within Hockley County, homes here sell more slowly than in 75% 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 79407
Nearby markets
Anton 79313Buyer’s market $78 /sq ftLevelland 79336Balanced $105 /sq ftRopesville 79358Seller’s market $206 /sq ftSmyer 79367 — /sq ft Browse all markets →Towns like Lubbock nearby
Find towns like Lubbock in other states →Where Lubbock is
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Questions about Lubbock real estate
Is Lubbock a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Lubbock, TX 79407 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 77 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 1.39% of a home’s value a year in Hockley County, or roughly $5,560 on a $400,000 home.
What is the median home price in Lubbock?
The median sale price was $248,642 in the three months ending August 31, 2026, about $150 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