Newly released data from Realtor.com for January shows that potential buyers and sellers in Lubbock County saw higher home sale prices than the previous month’s median of $223,133.
The median home sold for $239,062, an analysis of data from Realtor.com shows. That means January, the most recent month for which figures are available, was up 7.1% from December.
Compared to January 2024, the median home sales price was up 14.8% compared to $208,247.
Realtor.com sources sales data from real estate deeds, resulting in a few months’ delay in the data. The statistics don’t include homes currently listed for sale and aren’t directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.lubbockonline.com.
Here is a breakdown on median sale prices:
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Looking only at single-family homes, the $238,480 median selling price in Lubbock County was up 8.7% in January from $219,314 the month prior. Since January 2024, the sales price of single-family homes was up 13.9% from a median of $209,371.No single-family homes sold for $1 million or more during the month.
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Condominiums and townhomes decreased by 64.6% in sales price during January to a median of $287,000 from $811,006 in December. Compared to January 2024, the sales price of condominiums and townhomes was up 45.8% from $196,875. Three condominiums or townhomes sold for $1 million or more during the month, compared to zero recorded transactions of at least $1 million in January 2024.
About recorded home sales in Lubbock County in Texas
In January, the number of recorded sales in Lubbock County dropped by 8.7% since January 2024 — from 520 to 475. All residential home sales totaled $73.3 million.
Across Texas, homes sold at a median of $315,099 during January, down 2.3% from $322,524 in December. There were 31,022 recorded sales across the state during January, down 16.5% from 37,152 recorded sales in January 2024.
Here’s a breakdown for the full state:
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The total value of recorded residential home sales in Texas decreased by 26.8% from $8.2 billion in December to $6 billion this January.
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Out of all residential home sales in Texas, 0.3% of homes sold for at least $1 million in January, up from 0.09% in January 2024.
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Sales prices of single-family homes across Texas decreased by 2.2% from a median of $322,662 in December to $315,450 in January. Since January 2024, the sales price of single-family homes across the state was down 1.4% from $320,038.
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Across the state, the sales price of condominiums and townhomes dropped 4.6% from a median of $320,625 in December to $306,015 during January. The median sales price of condominiums and townhomes is slightly up from the median of $303,750 in January 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what’s happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Lubbock Avalanche-Journal: Homes in Lubbock County sold for higher prices recently: See how much here
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