Southlake home sales, the last twelve months.
391 homes sold in Southlake over the last twelve months, $650.5M in all. The middle price was $1,347,000 (≈ $7,863/mo with 10% down), a typical home found its buyer in 14 days, and prices here run 237% above the DFW median.
The average runs 24% above the middle, which is the high end of Southlake pulling it up. The median is the better read on a typical home; the average is the better read on how much money is moving.
Whose market is Southlake?
Fewer homes for sale than buyers to absorb them, so sellers hold the edge on price and terms. Right now that's 121 homes on the market against a pace of 33 sales a month, median asking $2,495,000.
Southlake against the cities next door.
The alternative to a house here is usually a house one town over. Here is what that trade actually costs.
Median sale price over the window, for Southlake and every city that borders it, and it follows the Median/Average switch at the top of the page. The towns next door are usually the real alternative, and a few minutes' drive can be worth a hundred thousand dollars in either direction.
How Southlake moved, month by month.
When to list in Southlake, and when to buy.
Grouped by the month a home went on the market, which is the month a seller actually picks, rather than the month the sale closed.
Quickest months to list. March and April were the quickest, at 6 and 7 days. That gap is too small to choose between them, so treat the two as one window.
Best month to buy. 96% of homes listed in August sold for less than their asking price, the highest share of any month, so that is when buyers have the most room to negotiate. It is the same month a seller has the least.
Grouped by the month a home went on the market, not the month it closed. That is the month a seller actually chooses. Bars show the real figure, so a longer bar always means a bigger number. Months with fewer than 15 listings are left out.
What homes here sold for.
Every sale in the window, sorted into price ranges, so you can see where the middle of this market sits.
Most homes sold between $1,250,000 and $1,550,000. The median sale was $1,347,000, the highlighted bar.
Shares are of sales where we hold an asking price to compare against. They do not add to 100%: the rest sold at exactly the asking price, which is about a fifth of all sales. Homes lower down the market were the likelier ones to sell below their asking price. Bands under 20 sales are left out rather than shown on a handful of homes.
How often Southlake sellers help with closing costs.
Money from the seller toward the buyer's costs often moves before asking prices do, which makes it one of the earliest signs a market is turning.
More sellers are contributing than two years ago. In Southlake, 37% of homes sold in the last twelve months came with money from the seller toward the buyer's costs. The typical amount was $7,000, about 0.5% of the sale price.
Share of closed sales where the seller contributed toward the buyer's closing costs, with the typical contribution when one was given. Both the median and the average are taken over the same cleaned set. Based on 391 of the 391 sales that closed in the last twelve months. The rest closed before the MLS recorded this field, and are excluded rather than counted as zero, and 9 entries above 10% of the sale price were dropped as data-entry errors.
Where Southlake actually trades.
The city median is one number stretched over very different neighborhoods. Here it is broken apart two ways: by the elementary school a home is zoned to, and by the subdivisions with the most sales.
Homes zoned to Jack D Johnson sold at a median of $1,735,000, against $970,000 for Florence. Same city.
| Elementary zone | Homes sold | Median price | $ / sq ft | Days on market |
|---|---|---|---|---|
| CarrollCarroll ISD | 89 | $1,320,000 | $340 | 14 |
| Walnut GroveCarroll ISD | 73 | $1,431,000 | $378 | 13 |
| Jack D JohnsonCarroll ISD | 67 | $1,735,000 | $416 | 17 |
| Robert H RockenbaughCarroll ISD | 55 | $1,300,000 | $341 | 26 |
| FlorenceKeller ISD | 49 | $970,000 | $304 | 37 |
| Old UnionCarroll ISD | 34 | $1,500,000 | $360 | 10 |
| DurhamCarroll ISD | 16 | $1,260,125 | $336 | 24 |
Southlake sales grouped by the elementary school a home is zoned to, which is the boundary most families actually shop against. These zones cover 98% of everything that sold here. Only zones with at least a dozen sales are shown, so every figure rests on real volume. The price column follows the Median/Average switch at the top of the page. School assignment comes from the listing record at the time of sale; boundaries change, so confirm current zoning with the district before relying on it.
| Neighborhood | Homes sold | Median price | $ / sq ft | Days on market |
|---|---|---|---|---|
| Timarron Add | 44 | $1,312,000 | $337 | 18 |
| Stone Lakes Add | 19 | $1,260,000 | $336 | 10 |
| South Ridge Lakes Add | 18 | $1,242,500 | $326 | 27 |
| Carillon | 13 | $1,620,000 | $388 | 8 |
| Myers Meadow Add | 12 | $1,185,000 | $290 | 21 |
What a typical Southlake home looks like.
Medians across every Southlake sale in the window. Half of what sold was bigger, half smaller.
Southlake, in plain questions.
These numbers describe the city. Pricing one specific house, or competing for it, needs someone who has walked the comparable homes. That part is on us.
Talk to Nail & Key →