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Is Lubbock, TX 79412 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 8.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.4Under 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 market45Listing to accepted offer
Median price per sq ft$90▼ −5.3% vs. last year

The Lubbock housing market right now

In the three months ending August 31, 2026, 0% of homes in Lubbock, TX 79412 sold above their list price, the typical home went under contract in 45 days and there were 8.4 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 31 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold about as fast and the median sale price fell 8% to $124,896. Overall, Lubbock is about as competitive as it was a year ago.

Within Lubbock County, homes here sell faster than in 56% 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 79412

Prefilled for 79412Can I win this house?Multiple-offer likelihood for a listing Prefilled for 79412Over-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 79404Buyer’s market $96 /sq ft Browse all markets →

Towns like Lubbock nearby

Find towns like Lubbock in other states →
Lubbock, TX79403 · 6 miles away81% similarcheaper homes ($47K less) · older residents Lubbock, TX79411 · 2 miles away79% similarsmaller · more renters Brownfield, TX79316 · 35 miles away75% similarcheaper homes ($27K less) · more homeowners Lubbock, TX79414 · 4 miles away74% similarpricier homes ($27K more) · more renters

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 8.4 months of supply in Lubbock, TX 79412 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 45 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 $124,896 in the three months ending August 31, 2026, about $90 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