Westlake Real Estate

In November 2024, Westlake home prices saw a 13.3% decrease compared to the previous year, with a median sale price of $2.8M. Despite the drop in overall prices, the median price per square foot rose by 10.9%, reaching $647, indicating a demand for premium, smaller-footprint homes. On average, homes sold for about 5.6% below the asking price, with properties typically staying on the market for 55 days. Notably, the total number of homes sold was just 2, reflecting the exclusivity and limited inventory of the Westlake market. Buyers should be prepared for competitive conditions despite price adjustments, while sellers may need to align pricing strategies with current trends to attract buyers in this high-end market.

Westlake is a moderately competitive market where homes typically sell within 55 days. While some properties receive multiple offers, the average home sells for about 6% below the list price and goes under contract in approximately 55 days. However, "hot homes" — those in higher demand — tend to sell faster, going pending in around 31 days and often for just 1% below the asking price. This indicates that well-priced and desirable properties can still attract strong interest, making it essential for buyers to act quickly on standout listings and for sellers to position their homes competitively.

Westlake, TX, offers a unique blend of luxury living, top-rated schools, and a serene community atmosphere, making it an exceptional place to call home. Known for its prestigious neighborhoods and stunning custom-built estates, Westlake provides a private and tranquil environment while still being conveniently located near major cities like Dallas and Fort Worth. The area is also home to the highly acclaimed Westlake Academy, attracting families seeking world-class education. With its beautiful natural surroundings, exclusive amenities, and strong sense of community, Westlake is a prime destination for those looking to invest in a high-quality lifestyle.