Wheelock and Monterey currently leans toward sellers, with the market gauge at 12 out of 100. Homes are typically valued around $132,000, well below the $235,000 level in Lubbock overall. Listing prices sit higher than values, with a median list price near $150,000, signaling sellers are still testing the market.
Several trends help explain this seller-leaning position. Inventory is relatively low at 30 homes, even after a 25% month-over-month increase, and new listings have slipped about 2.94% from last year, limiting options for buyers and helping sellers hold some pricing power. At the same time, pending sales are up 4% year over year, showing that buyers are still active and willing to move forward despite longer timelines.
Conditions are shifting in other ways too, as typical home values have fallen 19.51% over the past year and 6.71% just since last month, while homes now sit on the market a median of 102 days, more than doubling from a year ago with a 112.5% jump. Looking ahead to April 2026, typical values are projected to ease slightly to about $127,250, while inventory may edge up to 33 and median list prices hold near $150,500. With sellers trying to protect their pricing and buyers watching for value in a cooling but still seller-tilted market, Agent Pronto can connect both sides with an agent who knows how to navigate these conditions.
