Southlake Housing Market Report November 2024
- Nitin Gupta, CRS, REALTOR
- Dec 18, 2024
- 2 min read
As of November 2024, the Southlake, Texas housing market exhibits several notable trends:
Median Home Prices:
The median listing price is approximately $1.4 million, reflecting an 11% increase from November 2023.
The average home value stands at $1,228,946, marking a 4.8% rise over the past year.
Inventory Levels:
There are 137 homes for sale, a 13.3% decrease compared to October 2024.
The number of homes for sale has increased by 5.9% year-over-year, totaling 125 properties.
Days on Market:
Homes are selling after an average of 58 days, indicating a somewhat
The median days on market is 39, up from 30 days last year, suggesting a slight slowdown in buyer activity.
Market Competitiveness:
Southlake's housing market is considered somewhat competitive, with homes receiving an average of two offers.
Price Per Square Foot:
The median listing price per square foot is $382, providing insight into property valuations in the area.
These indicators suggest that Southlake's real estate market remains robust, with rising home values and a steady pace of sales. The decrease in inventory levels may lead to increased competition among buyers, potentially driving prices higher in the coming months. Prospective buyers and sellers should monitor these trends closely to make informed decisions. Please call us at 469-269-6541 for more details about Southlake and available homes!
About us: Southlake Real Estate Expert Agent
FIND A LUXURY HOME IN SOUTHLAKE, TEXAS WITH NITIN GUPTA, BROKER ASSOCIATE, REALTOR®.
When purchasing a luxury home in Southlake, Texas, it’s essential to consider factors such as location, architectural style, security, and amenities to ensure the home meets both lifestyle and investment needs. By selecting a property in a prestigious neighborhood with numerous amenities and security measures, buyers can ensure they’re making a valuable and rewarding investment in the vibrant Southlake market.
For those looking to invest in luxury homes in Southlake, Texas, Nitin Gupta is an expert real estate professional ready to assist. Known for his extensive experience, market insights, and numerous awards, he is committed to finding his clients the best properties in the area.
Contact Nitin Gupta at 469-269-6541 or send a message today to explore exclusive listings and secure your ideal luxury residence in one of Southlake’s elite communities.