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

Lubbock Housing Market Shows Resilience Amid Shifting Trends

The market report for the Lubbock Metropolitan Statistical Area (MSA) demonstrated resilience in February, according to the latest data from the Lubbock Association of REALTORS®.

Key Highlights:

• Median Home Price Increase: The median price of homes rose to $240,000 in February 2025, marking a 4.4% increase year-over-year compared to February 2024.
• Closed Sales Decrease: The number of closed sales totaled 327, representing a 7.6% decrease compared to February 2024.
• Active Listings Increase: Inventory improved again, with 1,487 active listings, a 2.5% increase year-over-year.
• Months of Inventory Stable: The months of inventory remained stable at 3.6 months, unchanged from February 2024.
• Sale-to-List Price: In perhaps another indicator of a market shift, the sale-to-list price was 96.1%, indicating sellers may be making more concessions in asking prices.

Price Distribution and Months Inventory
Price distribution data showed that the majority of homes (40.8%) fell within the $100,000 to $199,000 range, followed by 22.3% priced below $100,000 and 14% between $200,000 – $299,000. While many areas in Texas are seeing increases in months of inventory, Lubbock’s remained stable when compared to February 2024. This indicates that while the market is more balanced than in previous years, it is still in the range of a seller’s market.  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.

It’s important to remember that there’s more to the market than simply what interest rates and each individuals’ needs vary. Consult with a local REALTOR® and mortgage lender for personalized guidance and expertise, as each home and neighborhood is different.