The Texas housing market continues to demonstrate resilience in Q3 2025, with fascinating trends emerging both statewide and in local markets like Lubbock County. Whether you're a first-time buyer, seasoned investor, or simply curious about real estate, here's what the latest data reveals plus some surprising facts you probably didn't know.

Lubbock TX

Texas recorded 90,083 closed sales in Q3 (up 4.9% YoY) with a statewide median home price of $335,000. Lubbock County tells a better story: $246,937 median price (up 1.8%)—that's nearly $90,000 in savings. With 1,291 closed sales up 9.3% year-over-year, Lubbock is outpacing state growth while offering exceptional value.

Active listings increased 20.9% statewide to 153,154 homes, giving buyers more options. Despite this inventory surge, homes are moving fast especially in Lubbock. Properties here spend just 44 days on market versus 63 days statewide and close in 31 days for a total of 75 days compared to Texas's 96 days. That's 21 days faster from listing to closing.

At $139.22 per square foot, Lubbock offers $34 less per square foot than the state median of $173.28. The typical home spans 1,796 square feet, built in 2004—slightly newer than the state median. With 4.3 months inventory versus Texas's 5.5 months, it's a balanced market moving efficiently.

What Prices Are Buyers Are Shopping At??

Looking at the price distribution across Texas, the market shows healthy diversity:

• Under $100k: 2.4%

• $100-199k: 10.5%

• $200-299k: 27.2% (Lubbock is right in sweet spot)

• $300-399k: 24.0%

• $400-499k: 13.0%

• $500-749k: 14.0%

• $750-999k: 4.7%

• $1M+: 4.4%

The concentration in the $200-400k range aligns perfectly with the state's median price and suggests a robust middle market.

Current Market Conditions: What Buyers Need to Know

As of November 4th, 2025, mortgage rates stand at 6.12% for a 30-year fixed loan—a figure that continues to influence buyer decisions across Texas. Interestingly, the median down payment in Texas is $14,232, up 27% from June 2024, though this remains well below the national median of $61,500.

This lower down payment threshold is making homeownership more accessible for many Texans, particularly first-time buyers who might struggle to save the national average.

The Multigenerational Housing Trend

One of the most significant shifts in Texas real estate? 24% of Texas buyers purchased a multigenerational home in the latest reporting period. This trend reflects changing family dynamics, with adult children caring for aging parents, cultural preferences, and economic considerations all playing a role.

These homes typically feature separate living spaces, multiple primary suites, or accessory dwelling units (ADUs)—accommodations that allow multiple generations to live together while maintaining privacy.

International Investment: Texas Attracts Global Buyers

Texas's appeal extends far beyond U.S. borders. International homebuyers purchased 7,500 homes in Texas, with a median price of $420,800—notably higher than the state median, suggesting international buyers are targeting premium properties.

The top countries of origin paint an interesting picture:

• Mexico: 30% (reflecting strong cross-border ties)

• Canada: 8% (snowbirds and retirees seeking warmer climates)

• China: 8% (investment and education-related purchases)

These buyers bring diverse perspectives and needs to the market, often seeking properties near universities, business hubs, or in established neighborhoods.

Quick Little Fact:

Here's something most people don't think about until moving day arrives: it takes an average of 108 boxes to move out of a 1,600-2,000 square foot home. That's a lot of packing tape and bubble wrap!

This little-known fact underscores the physical reality of homeownership transitions. For buyers eyeing that median 1,796-square-foot Lubbock home or larger Texas properties, planning for the logistics of moving is just as important as planning for the financial aspects.

What does all of this mean???

The Texas housing market appears to be achieving equilibrium. Increased inventory is giving buyers breathing room without causing price collapses, while steady sales numbers indicate sustained demand. Markets like Lubbock County demonstrate that affordable options still exist for those willing to look beyond major metros.

With mortgage rates stabilizing in the 6% range and down payment requirements remaining accessible (at least by national standards), Texas continues to offer opportunities for homeownership. The rise in multigenerational homes and international investment adds complexity and diversity to the market—trends that are likely to persist.

Don't believe the doom and gloom. I know it may feel tough out there. Headlines scream about housing crises and unaffordability, but the data tells a more nuanced story. Yes, buying a home requires planning and patience. Yes, prices are higher than they were five or ten years ago. But opportunity still exists—especially in Texas.

With over 90,000 homes sold this quarter, 153,000 active listings to choose from, and markets like Lubbock offering homes under $250,000, the path to homeownership hasn't disappeared. It's just evolved. The median Texas buyer is putting down $14,232 and making it work. Families are creatively solving housing needs through multigenerational arrangements. International buyers see value worth investing in.

Markets move in cycles, but Texas remains one of the nation's most dynamic and accessible places to plant roots. The data proves it. The opportunity is real.

Data sourced from Texas REALTORS® and Texas A&M University Real Estate Research Center. Market statistics current as of September 30, 2025.