Lubbock, TX Housing Market Report

The Lubbock housing market as of December 2025 presents a balanced environment that is gradually shifting toward a more efficient pace for participants. With a median home value of $204,779, the market has seen a marginal year-over-year decline of 0.29%, indicating a period of price stabilization following previous years of rapid growth. Despite this slight annual dip, the market has shown consistent month-over-month recovery since July 2025, suggesting that demand remains resilient even as inventory levels rise. Currently, active inventory has increased by 5.12% compared to last year, reaching 1,559 listings, which provides buyers with more options than they had in the previous cycle.

Efficiency is the defining characteristic of the current landscape, as evidenced by the significant drop in the average days on market. Homes are now selling in 85 days, which is 10 days faster than the same period last year. This increased velocity, paired with a sale-to-list ratio of 0.98, indicates that while buyers have more inventory to choose from, they are acting decisively and properties are selling very close to their asking prices. The rental market is also showing steady strength, with median rents rising to $1,337, a 0.86% increase year-over-year, which continues to support the investment appeal of the Hub City.

Looking ahead, the Lubbock market appears poised for modest appreciation. The steady climb in home values over the final six months of 2025 suggests that the floor for pricing has been established. For sellers, the key to success remains realistic pricing, as the 0.98 sale-to-list ratio shows there is little room for overvaluation. For buyers, the combination of relatively affordable entry points compared to other Texas metros and a slight increase in inventory creates a favorable window to enter the market before further price increases materialize. The local economy, anchored by education and healthcare, continues to provide the stability necessary for a healthy long-term real estate outlook.