The Multiple Listing Service of the Lubbock Association of REALTORS® includes residential properties and new homes listed by over 1,700 REALTORS®.

Lubbock Market Continues Hot Streak

The market report for the Lubbock Metropolitan Statistical Area (MSA) showed positive metrics across virtually all categories, according to the August 2025 Market Report published by the Lubbock Association of REALTORS®.

Key Highlights in August:

• Median Home Price Increases Year-Over-Year: The median home price closed at $245,000 in August,  representing a 3.9% increase from August 2024.
• Closed Sales Up Again: Closed sales were positive for the second straight month, with 486 homes sold, which is an increase of 3.9% year-over-year.
• More Active Listings: Inventory improved for the eighth straight month, with 1,880 active listings, another substantial increase of 7.9% from Augist 2024.
• Months of Inventory Increases: Months of Inventory rose for the third straight month at 4.4, which is a 5.0% increase year-over-year.
• Days on Market Up: Days on market increased after being down in July, with homes being on the market for 43 days in August, compared to 41 days in August 2024.
• Sale-to-List Price: The sale-to-list price was 95.7%, up slightly compared to 95.4% in August 2024, indicating listing agents are prices properties correctly.

The months of inventory metric reflects the balance between supply and demand, with higher values suggesting a shift towards a more buyer-friendly market. The Texas Real Estate Research Center at Texas A&M states that a 6.0 months of inventory is considered a balanced market.

Lubbock Market Showing Continued Strength
Overall, the LAR market report shows continued strenght in prices and sales, while buyers have more options with increased inventory. That being said, every property and neighborhood is different. It’s important to consult with a local REALTOR® when you’re considering selling or buying. For buyers, an important first step is to talk with a local mortgage lender for personalized guidance before you begin your property search.