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

Lubbock Market Strength Continues

The market report for the Lubbock Metropolitan Statistical Area (MSA) saw increases across most categories, according to the September 2025 Market Report published by the Lubbock Association of REALTORS®.

Key Highlights in September:

• Closed Sales Up Again: Closed sales increased for the third straight month, with 407 homes sold, which is a substantial increase of 10.9% year-over-year.
• More Active Listings: Inventory improved for the ninth straight month, with 1,901 active listings, representing an increase of 7.5% from September 2024.
• Months of Inventory Increases: Months of Inventory rose for the fourth straight month at 4.5, which is a 4.7% increase year-over-year.
• Median Home Price Flat Year-Over-Year: The median home price again closed at $245,000 in September, unchanged from 2024.
• Days on Market Up: Days on market increased for the second straight month, with homes being on the market for 51 days in September, compared to 47 days in September 2024.
• Sale-to-List Price: The sale-to-list price was 94.2%, down slightly compared to 95.6% in September 2024, indicating a potential softening in prices.

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 Shows Strength
The continued positive gains in closed sales indicate that buyers may be growing accustomed to the state of the mortgage industry. Median prices continue to hold, but every property and neighborhood is different. Consult with a local REALTOR® when you’re considering selling or buying. It’s also a good idea to talk with a local mortgage lender for before you begin your property search.