Is It a Good Time to Buy a Home in Southlake, TX?
How do you know if it's a good time to buy a home in Southlake, TX?
Right now — while no one can guarantee perfect timing — you're in a favorable window: moderate inventory, slight price growth, and mortgage rates that are more reasonable than recent peaks. Working with a seasoned local agent like Kallie Spencer, Broker/Owner at Ritchey Realty, can help you make the most of it.
Why "buy a home" in Southlake matters right now
When you're thinking of buying a home in Southlake — whether for your family, as an investment, or a mix of both — timing matters. In the elite North Texas market of Southlake, Texas (especially within Carroll Independent School District and other high-end neighborhoods), understanding market trends, neighborhood nuances, and financing shifts can make a meaningful difference in your final price and long-term value.
Current market snapshot
- The median sale price in Southlake was about $1.296 million in August 2025, up roughly 3.3 % year-over-year.
- Zillow reports the typical home value in Southlake around $1,258,720, up ~1.9 % over the past year; average days on market around 42 days.
- Homes in Southlake receive on average around 2 offers and sell in about 44 days — a hint of moderate competition.
- Strong factors: top-tier schools (Carroll ISD), upscale amenities (e.g., Southlake Town Square), luxury homestock, and proximity to major employment centers.
- Inventory remains tight relative to many markets, but slightly improving — meaning buyers have more options than in a hyper-heated frenzy.
In short: You're not in a buyer's paradise with super low prices and abundant inventory, but you are in a good opportunity window — especially if you're prepared, working with a strong agent, and clear on your priorities.
5 questions to ask before committing
Here are questions you'll want to work through (and your answers will help determine whether now is the right moment for you to buy a home in Southlake).
| Question | Why it matters | What to look for |
|---|---|---|
| 1. How affordable is the home you want? | Median prices above $1 M mean affordability is relative. Many buyers underestimate taxes, fees, upgrades. | Confirm your total housing cost (mortgage + taxes + HOA + maintenance + insurance). |
| 2. What's your financing plan? | While rates have eased from their peaks, they still impact your cost of ownership significantly. | Get pre-approved. Compare lenders. Understand monthly payment at different rate levels. |
| 3. How competitive is the neighborhood you want? | Some Southlake neighborhoods (e.g., Shady Oaks, Carillon) command premium pricing and sell faster. | Target 30- to 50-day days-on-market homes, check number of offers, monitor how long listings sit before reduction. |
| 4. Are you in for a long-term hold? | Buying in Southlake is often more about lifestyle & long-term gain than a short flip. | If you plan to move in less than 3–5 years, factor in transaction costs + market fluctuations. |
| 5. Do you have a trusted local guide? | The market nuances in Southlake matter a lot — school boundaries, neighborhood prestige, lot size, upgrades. Working with Kallie Spencer means you'll benefit from 15 + years of local experience, over $1 billion in sales, and deep knowledge of North Texas. | Choose an agent who knows Southlake specifically, not just DFW broadly — someone who can spot motivated sellers, off-market opportunities, and hidden value. |
When not to rush — but how to act smart
You shouldn't feel pressured to buy right this second just because you're worried of missing out. But "waiting indefinitely" can cost you missed opportunities — especially if rates shift upward or inventory tightens again.
Here are red flags and green flags:
🚩 Red-flag
Buying without knowing the full ownership cost (taxes, insurance, HOA). Southlake has high-end homes with correspondingly higher taxes/fees.
✅ Green-flag
You've secured financing or gotten pre-approved, you've identified neighborhoods you like (for example, Timarron, Stone Lakes, Southlake Woods) and you have set maximum budget and deal breakers.
🚩 Red-flag
Falling in love with a home before reviewing inspection results or contingency terms. Even luxury homes in Southlake need careful review of lot drainage, property condition, etc.
✅ Green-flag
You're working with an experienced Southlake agent who understands this market and can guide you with realistic timelines, negotiation insight, and local data (as Kallie Spencer does).
Why working with Kallie Spencer, Broker/Owner at Ritchey Realty, gives you an edge
- Kallie has been in the North Texas real estate market since 2010, became Broker/Owner of Ritchey Realty and now mentors other agents — showing deep industry experience.
- She specializes in markets including Southlake, Keller, and the Alliance area, and understands school-district boundaries, neighborhood supply, off-market opportunities, and negotiation strategy.
- Clients and peer reviews highlight her local knowledge, responsiveness, and tailored approach — all valuable when buying a home in a competitive area.
- By partnering with Kallie, you get an advocate who knows this community — not just a generic agent — and that makes a difference when you're buying in a premium market such as Southlake.
What you should do now if you're serious about buying
- Get your financing pre-approval — understand what you qualify for and your monthly budget.
- List your must-haves and deal breakers — e.g., school zone (Carroll ISD), lot size, new build vs. resale, gated community or not, commute to major highways.
- Schedule a call with Kallie Spencer — talk neighborhood trends (e.g., Timarron, Stone Lakes, The Reserve), upcoming listings, negotiation strategy.
- Stay alert to inventory changes — even though there are more homes now than last year, in Southlake the right home still gets traction. Homes with 4-6 bedrooms, premium lots, and top schools tend to move faster.
- Keep total ownership cost in mind — remember property taxes, insurance, HOA fees, maintenance, upgrades. Being in the $1 M+ bracket means small percentages matter.
- Act when the right home appears, but don't skip inspection or contingency review — you want to buy smart, not just fast.
Conclusion
In summary: yes — it is a good time to buy a home in Southlake, TX if you enter the process prepared, informed, and working with the right advisor. The market is stable, prices are moderate (for this level), and you're getting more leverage than when the frenzy was at its peak.
For personalized assistance, tailored neighborhood insights, and negotiation support specific to Southlake's unique luxury-town market, reach out to Kallie Spencer, Broker/Owner at Ritchey Realty. With her local expertise and your readiness, you'll be positioned to make a confident move.
Ready to start? Contact Kallie today for a no-obligation consultation on buying your next home in Southlake.
Specializing in Southlake, Keller, Alliance Area & Luxury North Texas Real Estate
