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

Flat Start to 2026 for the Lubbock Housing Market

In contrast to strong end to 2025, January 2026 was off to a bit of a slow start in the Lubbock Metropolitan Statistical Area (MSA), according to data published by the Lubbock Association of REALTORS®.

Key Data Points in January:

• Median Home Price Down: The median home price was down slightly at $227,000 in January 2026, a slight decrease of 1.3% compared to January 2025.
• Closed Sales Down: After six consecutive months of positive sales, closed sales were down 1.7% with 295 homes sold.
• Active Listings Up: For the thirteenth consecutive month, Active listings were up, with 1,584 active listings, a 9.5% increase year-over-year.
• Pending Listings Flat: Pending listings, also called Under Contract listings, were virtually unchanged from 2025 with 519 Pending listings. This is just a 0.2% increase compared to January 2025.
• Months of Inventory Increases: Months of Inventory increased for the eighth straight month. At 3.6, this is a 5.0% increase compared to January 2025.
• Days on Market Down: Days on market was down 16.7% compared to January 2025, with homes being on the market for 60 days.
• Sale-to-List Price: The sale-to-list price was 93.9%, virtually unchanged from 94.0% in January 2025.

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 Housing Market Strong Compared to Major Metro Areas
January is typically a slow month as consumers recover from the excesses of the holidays. Many major metro areas like Austin, Dallas and San Antonio are down more than 5% in sales, so Lubbock is in a good position to start the year. Buyers continue to have more options and are encouraged to take advantage of increased inventory. Consult a Lubbock area REALTOR® for personalized guidance as each neighborhood is unique. Also talk with a local mortgage lender for personalized guidance before you begin your property search.