Is Lubbock, TX 79423 a buyer’s or seller’s market?
Lubbock is a seller’s market. With about 2.9 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.
More competitive than 14% of U.S. ZIP codes, and #534 of 868 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lubbock housing market right now
In the three months ending August 31, 2026, 0% of homes in Lubbock, TX 79423 sold above their list price, the typical home went under contract in 49 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 313 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 rose 13% to $292,873. Overall, Lubbock is about as competitive as it was a year ago.
Within Lubbock County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Lubbock ranks #534 of 868 TX ZIP codes with enough sales (score 20 out of 100).
Run the numbers for 79423
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 →Where Lubbock is
Loading map…
Questions about Lubbock real estate
Is Lubbock a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Lubbock, TX 79423 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 49 days in the latest three months.
Do homes in Lubbock sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.9% of the 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 $292,873 in the three months ending August 31, 2026, about $149 per square foot.
Local agents
See all agents in 79423 →No sponsored agents in 79423 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 79423
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology