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Short Sale Listings in Lubbock, TX 79413

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Lubbock, TX Foreclosures

How much do homes sell for in Lubbock, TX?
The average home price is currently $251,333.
In Lubbock, TX, how many homes are available?
There are currently 1 active home listings available in Lubbock.
What’s the average rental cost in Lubbock, TX?
The average rental price in Lubbock is $1,349.
What is the most expensive home in Lubbock?
The most expensive home sold in Lubbock had a price of $11,410,801.
What is currently the cheapest priced home in Lubbock, TX?
The cheapest home for sale in Lubbock is priced at $10,597.

Living in Lubbock, TX

Lubbock, Texas, often referred to as the 'Hub City', is a vibrant center of culture, education, and agriculture. Known for its friendly community, Lubbock boasts a wide array of amenities from shopping to fine dining, making it a perfect place to call home. With Texas Tech University located here, Lubbock also has a youthful vibe, lively arts scene, and numerous outdoor activities.

Current Market Conditions in Lubbock, TX

Lubbock's real estate market has been steadily growing, with an increase in home sales and property values over the past year. The area has been attracting new residents due to its affordable housing options and strong local economy.

Many buyers are drawn to Lubbock for its affordability compared to other Texas cities. The demand for homes has also been influenced by Texas Tech University alumni returning to the city, creating a robust market for single-family homes.

Home Value Estimator For Lubbock, TX

There are currently 91,419 real estate properties in Lubbock, TX, with a median automated valuation model (AVM) price of $211,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lubbock, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lubbock, TX, is $251,333.00, with the most expensive house in Lubbock, TX, topping out at $11,410,801.00 and the cheapest home in Lubbock, TX, clocking in at $10,597.00. In other words, there’s something for every potential homebuyer or savvy investor in Lubbock, TX!

Rent Prices In Lubbock, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lubbock, TX, is on a rollercoaster ride. The average rent price in Lubbock, TX, is $1,349.00. Indeed, when looking to rent in Lubbock, TX, you can expect to pay as little as $430.00 or as much as $3,840.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Lubbock, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lubbock, TX 79413 Short Sale Listings

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