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New Home

Why you'd want to live in New Home

Lubbock is the commercial, educational and cultural center for the southern part of the Texas Panhandle known as the South Plains. The economic base is a mix of industry, agriculture, government, and healthcare. There is a small high tech industry but most employment is provided by agriculture-related businesses, healthcare and education. via bestplaces.net

New Home Market Report

$378,006

AVERAGE PRICE OF 74 HOMES

$2,541,857

AVERAGE PRICE OF 7 MULTI-MILLION DOLLAR HOMES

$433,980

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$1,777,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

Average Home

Average Price $378,006
Avg Bedrooms .61 bed
Avg Bathrooms .55 bath

Average Price by Bedrooms

1 bedroom $212,000
2 bedrooms $1,100,000
3 bedrooms $330,350
4 bedrooms $471,000
5 bedrooms $2,138,500
New Home Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 73 55 57 57 59
Average Price $380,395 $382,651 $408,143 $380,145 $404,491
Avg Price Change -0.59% -6.66% +7.37% -6.40% -9.73%
Median Price $121,253 $77,500 $77,500 $78,224 $78,357
Med Price Change +56.46% 0.00% -0.93% -0.17% +1.04%
Avg Bedrooms .77 bed .61 bed .73 bed .69 bed .65 bed
Avg Bathrooms .64 bath .49 bath .57 bath .54 bath .51 bath
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
New Home 19 $819,547 98 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 74 $378,006 139 days
Multi-Million Dollar Homes 7 $2,541,857 102 days
Newly Built Homes 5 $433,980 87 days
Homes with a Pool 1 $1,777,000 36 days

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