No jargon, no spin — just what the numbers say about buying and selling in Lubbock right now.
Lubbock homes are selling for more than they were a year ago, and they're doing it faster. The median sold price climbed from $240,000 to $253,215 — about a 5.5% jump — while the average time on market actually dropped. That combination usually means one thing: demand is outpacing what's available.
It's not a frenzy, though. Days on market peaked at 54.4 back in February and has been steadily dropping since, which tracks with the usual spring-into-summer rhythm here — more buyers get serious once school's wrapping up and the weather cooperates.
Sellers are also getting close to full asking price, with homes selling at 97.8% of list on average. That's not "name your price" territory, but it's not a buyer's market either — it's a market where realistic pricing gets rewarded and overpricing gets punished with a longer sit.
Don't expect to lowball your way into a great deal right now — homes priced right aren't sitting long enough for that. Get pre-approved before you start touring, because a 37-day average means good listings can disappear fast.
This is a solid window to list. Prices are trending up, days on market are trending down, and buyers are willing to pay close to asking when a home is priced honestly. The sellers getting the best results aren't the ones asking for a premium — they're the ones pricing accurately from day one and letting the market do the rest.
Citywide averages only tell part of the story — Lubbock's market looks different in Southwest Lubbock than it does near Tech or out toward Cooper. If you want a real read on your street, reach out and I'll pull the actual data.
Kari Campanella | Tapp Realty Group | eXp Realty Data sourced from local MLS, updated monthly.