Westlake, TX Real Estate Listings & Homes for Sale

The Westlake housing market remains moderately competitive, with the median sale price dropping to $3.35 million, a 22.6% decline from last year. Despite this decrease, the price per square foot has surged by 66.3% to $676, indicating strong demand for smaller, high-value properties. Homes are selling at an average of 5.6% below the list price, with properties staying on the market for around 55 days. Notably, buyers are putting down a full 100% down payment, suggesting a prevalence of cash transactions. However, with only one home sold recently, limited inventory may be influencing price trends and buyer behavior.

The Westlake housing market is somewhat competitive, with homes typically selling in about 55 days. While some properties receive multiple offers, the average home sells for approximately 6% below the list price before going under contract. However, highly desirable homes—often referred to as "hot homes"—sell more quickly, going pending in around 31 days and typically closing at just 1% below the asking price.

Nationally, about 2% of homebuyers searched for homes in Westlake from outside metropolitan areas. Among those looking to relocate, Los Angeles homebuyers showed the most interest in Westlake, followed by buyers from San Francisco and Seattle.