79416 Home Values & Market Trends
There are 129 homes currently listed for 79416. 79416 real estate market trends show that home prices range from $112,500 to $1,700,000, and the median sales price in the 79416 zip code is $199,617.62. The total number of properties sold within the past twelve months is 554. In 79416, 9 properties are in foreclosure, 2 are bank owned properties,and 7 are headed for auction.
79416 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Lubbock | $ 226,134 $ 120/sqft |
Housing Market Summary for 79416
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $262K | $201.4K | -23.14% |
| Median Sold Price | $200.3K | $201.4K | 0.51% |
| Homes For Sale | 58 | 120 | 106.90% |
| Homes Sold | 255 | 253 | -0.78% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 79416
Browse Homes in 79416
The median list price of a home in Lubbock, is $199,617.62. A total of 129 properties are for sale, and the percentage of properties for sale in the zip code is 129.00%. The total count of 79416 properties is 11,020.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 79416 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 79416; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 79416 ranges from the highest value of $518,790 in lubbock to the lowest value of $103,846 in lubbock. Bank owned homes and properties account for 0.02% of properties in 79416. There is 1 cities within 79416; lubbock containing 6 REO properties, has the highest number of bank owned properties in a single city.
- Auctionslubbock has 76 auction properties, the highest number of properties going to auction in a single city in the state of 79416. Auction homes and other auction properties account for 0.06% of all properties in 79416. There is 1 cities within 79416; of that cities, the median estimated home value for homes going to auction ranges from $495,750 in lubbock to the lowest value of $27,813 in lubbock.
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More Real Estate Resources for 79416
Guide for 79416
Learn the pros and cons of buying a foreclosed property and invest in a foreclosure with confidence
The Lubbock real estate market has experienced various significant changes, such as a decline in average property values and sold prices.
Between March 2023 and February 2024 the Houston real estate market witnessed a moderate rise in property values with mild fluctuations in the average selling price per sq ft.
The real estate market in Laredo, Texas, was going up and down last year with fluctuating property values, sale prices, and transaction volumes.
