Southlake Home Values

Homes in Southlake took longer to sell at closing this quarter, with the median climbing to sixteen days, based on MLS data for 2026-09 closings in Southlake — a notable break from the sub-two-week pace that has held for much of the year. Price per square foot held effectively flat near $375, keeping pace with the trailing twelve-month baseline of $364, while the median sale price settled near $1.4 million. Sellers continued to collect nearly full asking, giving back only about a penny and a half on the dollar at closing, even as concessions touched roughly one in three transactions. The year-over-year price trend remains essentially flat.

The slower pace at closing lines up with a pipeline that's cooling too. Pending contracts slipped to 23 from 25, while new listings eased to 157 for the quarter, a step back from the elevated pace of recent months. Months of supply ticked up to nearly seven, moderately above Tarrant County's five-month reading, even as active inventory held roughly steady near 265 homes. Fewer contracts converting against a similar supply base points toward a market where transactions are taking a bit more time to close than earlier this year.

Southlake's closed-sale profile continued to diverge sharply from Tarrant County's broader market this quarter. Price per square foot reached $377, more than double the county's $186, while the median sale price of roughly $1.41 million towered over the county's figure near $356,000, based on MLS data for 2026-08 closings in Southlake. Homes here also closed faster, near an eleven-day median against the county's roughly twenty-six days, even as concessions appeared in about one in three Southlake transactions versus nearly six in ten countywide. Sellers gave back only a penny on the dollar at closing, underscoring how thin negotiating room remains despite a year-over-year price trend that stayed essentially flat.

Southlake's near-term pipeline also stands apart from Tarrant County's broader reading. Months of supply sits at nearly six, moderately above the county's five, while pending contracts fell again, to just 25, continuing a decline that began earlier this summer. New listing activity eased in step, landing near 173 for the quarter, a marked pullback from recent months. The pattern suggests Southlake's demand-side signals are cooling faster than Tarrant County's overall pipeline, even as active inventory held roughly steady, leaving fewer contracts chasing a similar supply base than the county's balance implies.

For a third consecutive month, homes in Southlake closed near a ten-day median, well inside the pace implied by the trailing twelve-month figure of roughly twenty-six days. Price per square foot held near $373, extending a gradual climb from the year-long baseline of $361, even as the median sale price settled around $1.41 million, down roughly three and a half percent year over year, based on MLS data for 2026-07 closings in Southlake. Concessions touched roughly one in three transactions, averaging near $12,300, while sellers gave back less than a penny on the dollar at closing, a sign that fast-moving inventory is still commanding close-to-asking outcomes despite the softer annual price trend.

Pending contracts in Southlake fell to 47 from the upper-70s range logged in recent months, even as new listing volume eased alongside them to roughly 206 for the quarter. Active inventory held little changed near 264 homes, nudging months of supply down slightly to about five and a half. The pullback on both sides of the pipeline, fewer new listings arriving, fewer contracts converting, suggests the rapid turnover of recent months may be losing some momentum heading into the back half of the year, even as supply stays in balanced territory relative to Tarrant County's broader reading.