Housing Prices in Southlake, TX
How much do homes in Southlake, TX cost?
Median List Price
$1,420,833
$336/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Southlake has increased by 9.5% since last year.
Summary: The median home list price in Southlake was $1,420,833 in May 2024, up 9.5% from the previous year, and the median price per square foot was $336.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $639K | $649.5K | +1.6% |
| 3 Bedrooms | $886.5K | $959.9K | +8.3% |
| 4 Bedrooms | $1.1M | $1.1M | 0.0% |
| 5+ Bedrooms | $1.6M | $1.8M | +11.8% |
Summary: Southlake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 11.8%.
Median List Price Compared To Nearby Cities
| Southlake | $1.2M | $1.4M | +9.5% |
| Grapevine | $535K | $580K | +8.4% |
| Keller | $602K | $650.7K | +8.1% |
| Colleyville | $899K | $942.8K | +4.9% |
| Westlake | $3.4M | $3.5M | +3.6% |
Housing Supply in Southlake, TX
How many homes are available in Southlake, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 173 | 200 | +15.6% |
Summary: The Southlake real estate market had 200 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 55 | 62 | +12.7% |
| 5+ Bedrooms | 96 | 113 | +17.7% |
Summary: The Southlake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 17.7%.
Days on Market for Southlake, TX
How long does it take to sell a home in Southlake, TX?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 83 Days | 60 Days | -28.3% |
Summary: Homes in Southlake had an average listing age of 60 days in May 2024, down by 28.3% compared to the previous year.
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