Why Live in Southlake
Southlake, Texas, is an upscale Metroplex city located approximately 25 miles from both Dallas and Fort Worth, and adjacent to Lake Grapevine. With a population of 31,000, Southlake combines a small-town atmosphere with old-fashioned charm, fostering a close-knit community spirit. The city is known for its exceptional school system, including the highly rated Carroll Independent School District and The Clariden School. Southlake features spacious new-traditional homes with classical and modern architectural elements, particularly in neighborhoods like Timarron, Stone Lakes, and South Ridge Lakes, which offer amenities such as fitness centers, parks, and trails. Southlake Town Square serves as the city's shopping and dining hub, hosting over 120 retailers and restaurants, including high-end options like Apple and Brio Italian Grille. The city also hosts numerous community events, such as the annual Stars and Stripes celebration and Oktoberfest. Southlake boasts 20 parks, including Bicentennial Park and Bob Jones Park, which provide ample opportunities for outdoor recreation. Texas State Highway 114 bisects the city, facilitating commutes to Dallas and Fort Worth, though traffic congestion can occur during rush hours. Dallas-Fort Worth International Airport is about 8 miles away. While some areas are prone to flooding, the city takes measures to manage water levels. Crime rates in Southlake are lower than the state and national averages, contributing to its reputation as a safer community.
Home Trends in Southlake, TX
On average, homes in Southlake, TX sell after 43 days on the market compared to the national average of 51 days. The median sale price for homes in Southlake, TX over the last 12 months is $1,312,000, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$1,312,000
Median Single Family Sale Price
$1,499,001
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
$476
Number of Homes for Sale
154
Last 12 months Home Sales
381
Median List Price
$1,600,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-6%