Westlake Real Estate

The Westlake housing market is not very competitive, despite experiencing significant price growth. The median sale price surged 85.9% year-over-year to $7.0M, while the median price per square foot rose 48.0% to $812, reflecting strong demand for high-end properties. However, homes still take an average of 91 days to sell, indicating that transactions move at a slower pace, typical of luxury markets. Buyers may have room to negotiate, but the sharp price increases suggest that premium properties continue to command strong value.

Westlake is not very competitive, with homes typically taking about 91 days to sell and multiple offers being uncommon. On average, properties sell for around 5% below the list price, giving buyers significant negotiating power. However, well-priced or highly desirable homes can still attract faster interest, selling for about 1% below asking and going under contract in as little as 31 days. Overall, the market favors buyers, but standout luxury properties can move quickly when competitively priced.

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.