Westlake, TX Real Estate Listings & Homes for Sale

In May 2025, the Westlake housing market showed mixed signals, with the median home price down 4.2% year-over-year at $4.0 million, yet the average sale price surged 85.9% to $6.97 million, indicating that a few high-end transactions significantly influenced overall pricing trends. The median sale price per square foot also climbed 48.0% to $812, suggesting continued demand for premium or luxury properties. Despite these high-value sales, homes sold for an average of 5% below the list price and remained on the market for about 91 days, reflecting a slower market pace and giving buyers some negotiating leverage. Only two homes were sold during the month, both with 100% down payments, underscoring the exclusivity and cash-driven nature of this luxury market.

The Westlake housing market is not very competitive, with homes typically taking around 91 days to sell and multiple offers being uncommon. On average, properties sell for about 5% below the list price, reflecting buyers’ negotiating power in this slower market. However, well-priced or highly desirable homes—considered “hot” properties—can sell faster, going pending in about 31 days and closing at only around 1% below the asking price, indicating that demand remains strong for select premium listings.

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.