Westlake Home Values

Closed sales in Westlake took markedly longer to reach settlement this quarter, with days on market climbing to roughly 170 — more than double the pace recorded last quarter and nearly six times Tarrant County's 28-day median. With just eight closings, based on MLS data for September 2026 closings in Westlake, price signals here carry wide confidence intervals, but per-square-foot values held firm near $970, still roughly five times the county's benchmark. Sellers collected close to ninety-four cents on the dollar, a step down from last quarter, while concessions appeared in only about one in eight closings — far below the county's rate near six in ten, consistent with a luxury segment that negotiates on its own terms.

Westlake's pipeline showed no forward movement for a second straight quarter: none of the 95 active listings advanced to pending status, matching the stall recorded last quarter even as months of supply widened further, now approaching three years at the current absorption pace. New listings kept arriving briskly — 57 over the trailing quarter — continuing to outrun contract activity and stretching the supply gap far beyond Tarrant County's roughly five-month benchmark, where pending contracts keep moving at a materially faster clip. With the pipeline this empty, near-term contract volume looks unlikely to firm anytime soon.

Price per square foot in Westlake climbed to roughly $946 in the latest quarter, based on MLS data for August 2026 closings in Westlake — its second consecutive monthly rise and a level nearly five times Tarrant County's broader median. Median sale price eased to just under $5.6 million even as the per-square-foot figure advanced, underscoring how a thin, uneven sales volume can pull the two metrics in different directions. Concessions, which had climbed for two straight months, cooled slightly this quarter to roughly one in two closings, though the average concession itself grew to nearly $35,500. Sellers still collected close to ninety-eight cents on the dollar, and more than a third of closings landed below list.

Westlake's pipeline delivered an unusually stark signal this quarter: not one of the 88 active listings moved to pending status, a sharper stall than the two pending contracts recorded a month earlier. New listings kept arriving at a pace of 48 over the trailing quarter, pushing months of supply to two full years — nearly five times Tarrant County's roughly five-month benchmark, where pending contracts continue moving at a materially faster clip. Days on market for closed sales ticked down to 78, but with no contracts currently in the pipeline, that velocity signal carries little forward momentum.

Price per square foot in Westlake reached roughly $885 this quarter, based on MLS data for July 2026 closings in Westlake — nearly five times Tarrant County's broader median, a gap that held steady even as other terms shifted underneath it. What moved was concessions: sellers granted them in closings at a pace approaching six in ten, up sharply from roughly one in five a year earlier and now converging with the county's own concession norm for the first time in this timeline. Median sale price climbed to nearly $5.8 million, and sellers still collected roughly ninety-eight cents on the dollar at closing, a list-to-sale gap little changed from June.

Where Tarrant County's pipeline shows roughly five months of supply and a steady flow of pending contracts, Westlake's stretches to nearly twenty months, more than four times the county pace. Only two contracts moved to pending status this quarter against 85 active listings, a sharp pullback from the two dozen or so pending a year ago, even as 44 new listings continued arriving. The county's broader inventory keeps turning at a materially faster clip, leaving Westlake's already-thin buyer pool further behind the pace of new supply reaching market.