Why Live in Southlake
Southlake, an upscale neighborhood along Lake Grapevine, is located about 25 miles from both Dallas and Fort Worth. With a population of 31,000, Southlake combines a small-town atmosphere with old-fashioned charm. The community is known for its exceptional school system, including the highly rated Carroll Independent School District and The Clariden School. Southlake Town Square serves as the city's shopping and dining hub, featuring over 120 retailers and restaurants, including high-end options like Apple, Lululemon, Brio Italian Grille, and Corner Bakery. The neighborhood boasts spacious new-traditional homes with classical and modern architectural influences, particularly in communities like Timarron, Stone Lakes, and South Ridge Lakes, which offer amenities such as fitness centers, parks, and trails. Southlake hosts numerous community events, including the annual Stars and Stripes celebration, Home for the Holidays tree lighting, and Art in the Square. The area is also home to 20 parks, including Bicentennial Park and Bob Jones Park, which provide facilities for baseball, tennis, pickleball, and soccer. While some areas are prone to flooding, the city takes precautions to manage water levels. Southlake has lower crime rates compared to state and national averages, contributing to its appeal. Texas State Highway 114 provides commuter access, and Dallas-Fort Worth International Airport is approximately 8 miles away.
Home Trends in Southlake, TX
On average, homes in Southlake, TX sell after 42 days on the market compared to the national average of 50 days. The median sale price for homes in Southlake, TX over the last 12 months is $1,400,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$1,400,000
Median Single Family Sale Price
$1,610,000
Median Townhouse Sale Price
$1,399,000
Median 2 Bedroom Sale Price
$599,000
Median 1 Bedroom Sale Price
$320,000
Average Price Per Sq Ft
$468
Number of Homes for Sale
155
Last 12 months Home Sales
371
Median List Price
$1,700,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%