$2,494 Closing Credit*
$210,000
1,468 SqFt
3 Beds
•3 Full Baths
Jenn A Moore, Listing Office: Ultimate Sold of Lubbock
Is Lubbock, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lubbock was a Neutral Market.
Key Takeaway
Lubbock is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lubbock, TX
How much do homes in Lubbock, TX cost?
Median Sold Price
$285,000
$136/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$480,000(-62.7%)
Key Takeaway
Homes in Lubbock have sold for 62.7% less than they did a month ago.
Summary: The median home sold price in Lubbock was $285,000 in November 2024, down 62.7% from last month, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $285K | N/A |
| 4 Bedrooms | $765K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lubbock housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lubbock, TX
How many homes are available in Lubbock, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,740 | 1,814 | +4.3% |
Summary: The Lubbock real estate market had 1,814 homes for sale in November 2024, a 4.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 131 | 132 | +0.8% |
| 3 Bedrooms | 899 | 958 | +6.6% |
| 4 Bedrooms | 594 | 598 | +0.7% |
| 5+ Bedrooms | 108 | 119 | +10.2% |
Summary: The Lubbock housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 10.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 262 | 244 | -6.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lubbock, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 244 homes were sold or pending in Lubbock in November 2024, down by 6.9% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Lubbock, TX
How long does it take to sell a home in Lubbock, TX?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 56 Days | +1.8% |
Summary: Homes in Lubbock had an average of 56 days on market in Nov 2024, up by 1.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lubbock has remained consistent over time.
Summary: During November 2024, 244 homes were sold in Lubbock; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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