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

Lubbock Market Heats Up in July

The market report for the Lubbock Metropolitan Statistical Area (MSA) showed prices, sales and median price up in July 2025, according to the latest data from the Lubbock Association of REALTORS®.

Key Highlights in July:

• Median Home Price Up Again: The median home price was up for the second straight month, to $245,000 in July, representing a  6.5% increase year-over-year.
• Closed Sales Bounce Back: Closed sales were up after being down in June, with 501 homes sold, reflecting an increase of 6.6% compared to July 2024.
• More Active Listings: Inventory improved for the seventh straight month, with 1,856 active listings, a substantial increase of 9.4% from July 2024.
• Months of Inventory Increases: Months of Inventory rose for the second straight month at 4.4, which is a 6.4% increase year-over-year.
• Days on Market Down: Days on market decreased for the first time in four months, with homes being on the market for 43 days in July, compared to 45 days in July 2024.
• Sale-to-List Price: The sale-to-list price was 94.8%, down slightly compared to 95.3% in July 2024, indicating limited movement from the seller’s original asking price.

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 Strong Signs
In contrast to many major metro areas, the LAR market report indicates that overall, the Lubbock MSA remains strong.

It’s important to consult with a local REALTOR® for your specific neighborhood. Buyers, remember there to talk with a local mortgage lender for personalized guidance as you begin your buying journey.