Published November 1, 2026 in Market Update

Southlake moved faster, even with higher mortgage rates

By Katie Gay, Compass Realtor

Real estate, Southlake and Westlake

Rates are up. That is the honest starting point. Realtor.com reported mortgage rates climbed above 7% for the first time since January 2025. Redfin put the weekly average at 7.32% for the four weeks ending October 25, 2026. And yet, Southlake kept moving.

The Real Estate Data Aggregator counted a median of 27 days on market in ZIP 76092 for the three months ending August 31, 2026. That is 10 DAYS shorter than the same period a year before. Pricing and prep still matter, because not every home sold over asking. But the right home, priced right, is not sitting.

How Southlake (76092) stacked up

The Real Estate Data Aggregator shows the median sale price dipped a little, down 0.7% to $1,395,000. Fewer homes sold, down 19.6% from a year ago. But the speed story is real. Sellers who priced well found buyers.

The Real Estate Data Aggregator counted 41.2% of Southlake listings going under contract within TWO weeks. That share jumped 17.6 points from a year ago. For buyers, that is the clearest signal: the right home may need a quicker, cleaner offer.

Only 15.1% of homes sold above list price, per the Real Estate Data Aggregator. That is up 4.3 points from last year, but it still means about 85 out of 100 homes did not get a bidding war. Sellers, that is worth knowing before you pick your number.

The Westlake area (76262) told a different story

ZIP 76262 held its pace at 41 days, unchanged from a year ago, per the Real Estate Data Aggregator. The median sale price moved up 6.4% to $710,000. That is a real gain. Days did not shorten, but prices climbed and supply stayed tight.

The two ZIPs together

Across both ZIPs, the Real Estate Data Aggregator counted 304 homes sold and 338 homes for sale in the three months ending August 31, 2026. Both counts fell from a year ago. Fewer homes coming to market means less competition for sellers, but buyers have fewer choices too.

What rates above 7% mean for this market

Realtor.com reported rates crossed 7% for the first time since January 2025. Redfin put the four-week average at 7.32% through October 25, 2026. Nationally, Realtor.com counted 20.8% of listings taking a price cut in September, the highest share since October 2022.

Southlake did not follow that national script. Speed improved. The sale-to-list ratio held near 98%. That gap between the national picture and local results is exactly why one set of numbers cannot tell the whole story.

These numbers cover the three months ending August 31, 2026. One street inside a ZIP code can read very differently from the whole. If your home sits on a block that moved faster, or slower, the ZIP average will not tell you that.