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Is Lubbock, TX 79424 a buyer’s or seller’s market?

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

Lubbock is a seller’s market. With about 2.8 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.

Months of supply2.8Under 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 market31Listing to accepted offer
Median price per sq ft$153▲ +2.5% vs. last year

The Lubbock housing market right now

In the three months ending August 31, 2026, 0% of homes in Lubbock, TX 79424 sold above their list price, the typical home went under contract in 31 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 356 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (50 days then) and the median sale price held steady to $326,859. Overall, Lubbock is more competitive than a year ago, so tougher for buyers.

Within Lubbock County, homes here sell faster 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 79424

Prefilled for 79424Can I win this house?Multiple-offer likelihood for a listing Prefilled for 79424Over-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, TX79423 · 3 miles away90% similarcheaper homes ($62K less) · younger residents Wolfforth, TX79382 · 4 miles away68% similarcheaper homes ($39K less) · smaller Shallowater, TX79363 · 12 miles away59% similarcheaper homes ($86K less) · smaller Lubbock, TX79416 · 5 miles away53% similarlower income ($33K less) · cheaper homes ($83K less)

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 2.8 months of supply in Lubbock, TX 79424 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 31 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 $326,859 in the three months ending August 31, 2026, about $153 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