Serving West Texas Real Estate | from Brian Blackwell, GrandSlam Real Estate
Hi friends,
Fall is here in Lubbock. The cotton is coming in and Galaxy Stadium is loud on Saturdays. The housing market has been busy too. Here’s a quick look at where things stand, plus what’s going on around town over the next six weeks.
Market at a glance (September 2026, Lubbock MSA)
| Stat | September 2026 | vs. a year ago |
|---|---|---|
| Median sale price | $256,000 | up 4.5% (from $245,000) |
| Homes sold (closed) | 404 | up from 401 |
| Pending sales (under contract) | 602 | up 26.7% |
| Average days on market | 46 days | down from 52 (-11.5%) |
| Active listings / months of inventory | 1,857 / 4.0 months | down 0.8% / down 7.7% |
| 30-yr fixed mortgage rate (U.S., Oct 15) | 7.40% | up from 6.27% |
Source: Lubbock Association of REALTORS® September 2026 report. Mortgage rate is Freddie Mac’s national PMMS average for the week of Oct. 15, 2026.
- Buyers: Prices are up and rates sit near 7.4%. Get pre-approved early, because well-priced homes are going under contract faster.
- Sellers: Homes are selling about a week faster, and sellers are getting 95.0% of list price, up from 94.2%. Fall is still a good time to list.
What it means for you
- Demand didn’t take the fall off. Pending sales jumped 26.7%, the biggest jump of the year so far. Buyers are still out shopping even with higher rates.
- This is a balanced market. Lubbock has about 4 months of inventory. Buyers still have choices and room to negotiate, but the best homes don’t sit long.
- Rates matter more than ever. The national 30-year average went from 6.95% in mid-September to 7.40% in mid-October. On a $300,000 loan, every half-point is roughly $100 a month. Ask me about rate buydowns and seller concessions.
- Property taxes are going up. The City of Lubbock adopted a rate of $0.507349 per $100 for FY 2026-27, up from $0.472191. The city says the average single-family homeowner will pay about $103 more in city taxes, roughly $1,164 total. That’s the city’s portion only. School, county, and other taxing units bill separately. Make sure your homestead exemption is filed with the Lubbock Central Appraisal District (lubbockcad.org).
- New subdivisions and building-permit data: missing. I couldn’t verify current figures, so I left them out for now.
Around Lubbock (Oct 21 – Nov 30)
- Sat, Oct 31 · 11 a.m.: Texas Tech vs. Arizona, Galaxy Stadium (Jones AT&T). Schedule
- Sat, Oct 31: Mo’s Market, Lubbock Arboretum. Info
- Fri, Nov 6 · 6–9 p.m.: First Friday Art Trail, a free self-guided art walk with free trolleys. It runs through the Cultural District, starting at LHUCA, 511 Ave. K. Info
- Sat, Nov 7 · time TBD: Texas Tech vs. West Virginia, the Celebrate America Game, Galaxy Stadium. Game center
- Nov 20–22: Waitress (Broadway series), Buddy Holly Hall. Tickets
- Tue, Nov 24 · 7:30 p.m.: Mannheim Steamroller Christmas, Helen DeVitt Jones Theater at Buddy Holly Hall. Calendar
- Thu, Nov 26 (Thanksgiving) · 7 p.m.: Texas Tech vs. TCU, Senior Day, Galaxy Stadium. Game center
Save the date for the holidays: Lights at LHUCA runs Dec 4 – Jan 1. The Miracles Christmas Parade is on 34th Street, Sat Dec 5 at 6 p.m. The 68th Carol of Lights at Texas Tech is Sun Dec 6 at 7 p.m. (TTU)
Seasonal homeowner tip
Get ready for that first West Texas freeze. Before the first hard frost:
- Unhook garden hoses and cover outdoor spigots.
- Shut off and drain your sprinkler system’s backflow preventer.
- Change your furnace filter, and have the heater checked before you need it.
- Test your smoke and CO detectors.
A burst pipe in January costs a lot more than a $5 faucet cover.
Let’s talk
Thinking about buying, selling, or just curious what your home is worth in today’s market? I’d love to help with your next real estate deal.
Visit grandslamrealtor.com or contact me here.
Brian Blackwell
Founder & Realtor, GrandSlam Real Estate
Sources
- Lubbock Association of REALTORS®, September 2026 Market Report: https://lubbockrealtors.com/september-2026-market-report/
- Freddie Mac, Primary Mortgage Market Survey (Oct 15, 2026): https://www.freddiemac.com/pmms; FRED MORTGAGE30US: https://fred.stlouisfed.org/series/MORTGAGE30US
- City of Lubbock, FY 2027 Tax Rate Proposal (Sept 8, 2026): https://www.mylubbock.us/DocumentCenter/View/10712/9826-FY-2026-Tax-Rate-Proposal-PDF; KCBD (Sept 9, 2026): https://www.kcbd.com/2026/09/09/lubbock-council-gives-final-approval-budget-tax-rate/
- Texas Tech Athletics 2026 football schedule: https://texastech.com/sports/football/schedule
- LHUCA First Friday Art Trail and events: https://lhuca.org/ffat/ and https://lhuca.org/events/
- Buddy Holly Hall: https://buddyhollyhall.org/events-tickets/broadway/; Mannheim Steamroller tickets: https://tickets.bullseyeeventgroup.com/tickets/3444240/
- Mo’s Market (Mo Productions): https://www.mo-markets.com/mosmarket
- Texas Tech Carol of Lights: https://www.ttu.edu/campus-events/carol-of-lights/; holiday dates roundup: https://yournextbeautifulhome.com/blog/lubbocks-holiday-lights-move-off-the-mall-parking-lot-this-year
Market data is for the Lubbock MSA and covers September 2026. Mortgage rate is the U.S. average as of Oct 15, 2026. Event details can change, so please confirm with the organizer before you go.
Join The Discussion