04/17/2025
Want to know what the Lubbock Real Estate Market looked like for the month of March⁉️
⬇️
📊 Lubbock Real Estate Market Update – March 2025 🏡
Here’s a quick snapshot of what’s happening in the Lubbock residential market:
🔻 New Listings Down:
Only 874 new listings hit the market in March—an 8.7% drop compared to this time last year.
📉 Active Listings Also Dip:
Inventory is slightly down (-1.8%) with 1,886 active listings currently on the market.
💲 Median List Price Rises:
March saw a spike in new median list prices, jumping to $265,000+, while the median sold price held closer to $230,000.
📆 Homes Taking Longer to Sell:
Average Days on Market climbed to about 78 days, showing buyers are taking more time to make decisions.
🏠 Absorption Rate Drops:
Inventory is moving slightly quicker with an absorption rate down to 4.2 months, suggesting more balance.
💰 Sold-to-List Ratio Holding Steady:
Homes sold for about 95% of list price, consistent with early 2025 trends.
📌 Whether you're buying, selling, or investing, staying informed helps you make the best move. Message me for a custom market breakdown in your neighborhood.
Jonathan Aguayo - Realtor®️
WTX Realty, LLC.
Licensed in Texas | License 792245
806-602-2631
