The Lubbock Index
Lubbock firmed up in September. The median sale price rose 4.5% year over year to $256,000 while homes moved nearly a week faster — 77 days from listing to closing, down from 83 — and inventory slipped to 4.0 months. Closed sales were flat at 404, so the story is not volume; it is that what sold, sold quicker and closer to asking. The number most people will miss is in the price bands: the $500,000–$750,000 segment closed 55 homes, up 71.9% from a year ago — the fastest-growing price band in the market, and one the headline numbers hide.
Months of inventory measures how long the current supply would last at the current pace of sales. The Lubbock Association of REALTORS®' monthly reports, citing the Texas Real Estate Research Center, treat 6.0 months as a balanced market. Lubbock sat at 4.0 in September — below balance, and lower than a year ago.
Closed sales by price band
The same month, split eleven ways — the part of the data the headline numbers hide, and where the September story actually lives.
| Price band | Closed sales | vs. Sept 2025 | Median close price | Active listings | Months of inventory |
|---|---|---|---|---|---|
| Under $70k | 14 | +7.7% | $50,000 | 63 | 5.2 |
| $70k – $100k | 12 | −29.4% | $81,000 | 92 | 7.3 |
| $100k – $150k | 37 | −17.8% | $133,250 | 207 | 5.3 |
| $150k – $200k | 52 | +4.0% | $170,000 | 303 | 3.9 |
| $200k – $250k | 72 | −13.3% | $225,095 | 355 | 3.6 |
| $250k – $300k | 64 | −8.6% | $269,990 | 217 | 3.3 |
| $300k – $400k | 57 | +11.8% | $349,000 | 198 | 3.0 |
| $400k – $500k | 28 | −3.5% | $450,000 | 133 | 3.8 |
| $500k – $750k | 55 | +71.9% | $585,000 | 165 | 4.9 |
| $750k – $1M | 7 | −12.5% | $815,000 | 67 | 6.4 |
| $1M and up | 5 | +66.7% | $1,189,000 | 57 | 9.2 |
Source: TRERC, Table 2, Lubbock MSA, September 2026. Bands with fewer than five closings are not displayed by the source. Small bands move sharply on a handful of sales — read the $750k-and-up rows as counts, not trends.
What this suggests
- Buyers are paying closer to asking than a year ago — 95.0% of original list price, up from 94.2% — and closing nearly a week sooner. Pricing to the market is being rewarded; pricing above it is still being negotiated down.
- New listings rose 6.1% and active inventory still fell. Supply came to market and was absorbed, which is the opposite of a glut.
- The median home did not get bigger — 1,818 square feet, flat year over year — so the price gain is per square foot, not more house. Condition and finish are doing the work.
- In the $500,000–$750,000 band, closings rose from 32 to 55. That segment had materially more buyers in September than a year ago. Every band is its own market; the MSA figure is not a read on your street.
What this suggests
- Inventory at 4.0 months is below the 6.0-month reference and lower than last September. Selection exists, but it is not building.
- Homes are going from listing to closing in 77 days. The time between seeing a house and deciding on it is shorter than it was a year ago.
- The entry bands behaved differently from the headline: closings under $300,000 were down year over year in four of six bands while the $300,000–$400,000 band rose 11.8%. Where you shop changes what you face.
- New construction moves on its own cycle. MSA-wide figures may not describe a particular community or phase — ask for the specific pull.
Methodology & Sources
- Geography: Lubbock Metropolitan Statistical Area — not city limits, and not a single neighborhood. Single-unit residential (single-family, townhome and condominium).
- Period: September 1 – September 30, 2026. Year-over-year comparisons are against September 1 – September 30, 2025, from the same source.
- Primary source: Texas Real Estate Research Center at Texas A&M University, Monthly MSA Spotlight Report — Lubbock, September 2026 (Tables 1 and 2), read October 23, 2026. TRERC's series is compiled from Texas MLS data and is revised as late sales report.
- Cross-check source: Lubbock Association of REALTORS® September 2026 Market Report, published October 13, 2026, drawn from its Multiple Listing Service.
- Benchmark: the 6.0-month balanced-market figure is as stated in LAR's monthly reports, which attribute it to TRERC.
- Days to sell is TRERC's measure: days on market plus days to close. LAR reports average days on market separately (46 in September 2026).
- What is not here: no forecasts, no individual property values, and no neighborhood-level price claims. Those require a property-specific analysis.
- Cadence: published monthly, keyed to TRERC's release — about 20 days after month end. Edition No. 001 (May 2026) used LAR as its primary source; from this edition forward the primary source is TRERC, with LAR as the cross-check. Editions are not restated.
This representation is based in whole or in part on data supplied by the Lubbock Association of REALTORS® multiple listing service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market.
Based on information from the Lubbock Association of REALTORS® or its MLS, and on the Texas Real Estate Research Center's published Lubbock MSA report, for the period September 1, 2026 through September 30, 2026.
Figures are as published by the named source on its publication date. MLS-derived statistics are revised as transactions report late; later releases from the same or another source may differ.
This report is general market information and is not real estate, legal, lending, tax, or investment advice, and is not an appraisal or opinion of value for any individual property. Market conditions change. Past figures do not predict future results. For guidance specific to your situation, speak with Bre directly and consult a qualified lender. Equal Housing Opportunity. REALTOR®.
Every edition keeps its own address
Edition No. 001 — May 2026 · All editions and methodology. Edition No. 003 covers October 2026 and publishes in November.
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