Inside DFW Real Estate

Lake Highlands real estate market update

Each month, The Dunnican Team publishes housing market updates covering the cities we serve across Northeast Dallas, Collin, Hunt and Rockwall Counties.

Our reports are sourced directly from the MLS transaction data, not estimates or industry averages, and always compared year-over-year so you can tell what's actually changing.

Our goal is to give you the same honest picture we use with our clients, explained the way we'd explain it across the table.

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Lake Highlands closed 44 homes in September 2026, down 38.0% from a year earlier, while active listings held steady at 304. Months of inventory rose to 5.1, just inside buyer-leaning territory. The median fell 18.3% to $515,000, but price per square foot fell only 4.4%, and homes that sold went under contract in a median of 41 days.

Lake Highlands Housing Market Update – September 2026

Lake Highlands (Dallas) Housing Market Update | Reporting Period: Sep 1–Sep 30, 2026 • Data via NTREIS MLS

About this report. This is The Dunnican Team's monthly housing market update for the Lake Highlands neighborhood in Dallas, Texas. Every figure comes straight from NTREIS MLS transaction data — what homes actually sold for, not estimates or automated valuations — and each one is measured against the same month a year earlier, because a number only means something when you can see what it used to be. Below you'll find the median sale price, closed sales, active inventory, months of supply, and days on market, along with what each of those actually means if you're weighing a move. We publish these every month so you can watch the trend rather than react to a single number. It's the same picture we walk our own clients through, explained the way we'd explain it across the table.

Quick Read

Lake Highlands closed 44 homes in September, down 38.0% from 71 a year ago, while active listings held steady at 304. That pushed months of inventory to 5.1, just inside buyer-leaning territory. The median fell 18.3% to $515,000, but price per square foot fell a more modest 4.4%, so most of that drop reflects smaller homes in this month's mix. The homes that did sell moved faster than last year, going under contract in a median of 41 days.

Key Highlights | Lake Highlands Housing Market Update

Median Price: $515,000 (−18.3% YoY)
Closed Sales: 44 (−38.0% YoY)
Active Listings: 304 (+0.3% YoY)
Months of Inventory: 5.1 (+0.3 from September 2025)

Market Commentary

PRICES
The Lake Highlands median sale price was $515,000 in September 2026, down 18.3% from September 2025. Median price per square foot fell 4.4% to $251.42, a much smaller decline, which means most of the median's drop reflects the size and mix of homes that sold rather than an 18% fall in values. Sales covered a wide range. The $500,000–$749,999 band was the most active at 27.9%, followed by $400,000–$499,999 at 20.9% and $750,000–$999,999 at 16.3%, while 16.3% of sales were under $200,000. Homes closed at a median of 93.1% of original list price, close to the DFW Metroplex at 93.8%. Citywide, the Dallas median was $460,000, and the DFW median was $379,990.

SALES ACTIVITY
A total of 44 homes closed in Lake Highlands in September, down 38.0% from 71 in September 2025, a clearly softer transaction pace. The homes that sold moved quickly. The median home took 41 days to go under contract, 19 days faster than a year ago, and 27 days from contract to close, unchanged. Total time from listing to closing was 68 days, compared with 84 days citywide in Dallas and 95 days across the DFW Metroplex.

INVENTORY
Active listings totaled 304, essentially unchanged from 303 a year ago. Supply held steady while closings fell by more than a third, so the slowdown is on the buyer side rather than a wave of new listings.

MARKET BALANCE
Months of inventory rose to 5.1 from 4.8 a year ago, just above the 5.0-month level that typically favors buyers. That's slightly below Dallas overall at 5.3 months and above the DFW Metroplex at 4.5 months. Buyers have a bit more leverage than last year, but quick sale times show that well-priced homes are still drawing offers.

For citywide context, see our Dallas, TX housing market update.

What Sellers Need to Know

Supply is steady at 304 listings, and months of supply has edged up to 5.1, so buyers have choices.
Homes that sold went under contract in a median of 41 days, faster than a year ago, so well-priced homes are moving.
Price per square foot is down 4.4%, a better guide to value than the 18.3% drop in the median.
Homes closed at a median of 93.1% of original list price, so plan for some negotiation.

What Buyers Need to Know

At 5.1 months of supply, Lake Highlands leans slightly toward buyers.
Price per square foot is down 4.4% from last September.
Well-priced homes are going under contract in about 41 days, so be ready to act when the right one comes up.
Sales span a wide range, from under $200,000 to over $1 million, so comparable sales in your price range matter more than the neighborhood median.

Lake Highlands Housing Market Outlook: Fall 2026

Lake Highlands heads into the fall with steady inventory and fewer closings than a year ago, which has moved the neighborhood just into buyer-leaning territory. If listings stay near 304 while closings hold around September's pace, months of supply could edge higher through the holidays. Mortgage rates moved higher through late September and early October, and if they stay elevated, the slower pace of sales is likely to continue. If rates ease, quick sale times on well-priced homes suggest demand would return quickly. Price per square foot, down 4.4%, is a better measure to watch than the median, which swings with the mix of homes sold.

Trending in Real Estate News

Housing Market Update: Asking Prices Fall for the First Time Since March (Redfin, October 15, 2026)
National asking prices slipped below last year's level, a record share of sellers cut their price, and Dallas was among the metros with the steepest drop in new listings.
Zillow September 2026 Market Report (Zillow Research, October 6, 2026)
Newly pending sales fell sharply nationwide in September as mortgage rates climbed, while home values stayed close to flat.
Have Mortgage Rates Peaked, or Will We See Even More Chaos? (HousingWire, October 10, 2026)
A look at the bond-market volatility behind this fall's higher mortgage rates, and what it has meant for pending sales and price cuts.
Homebuyers Have More Fresh Options Than They've Had in 4 Years (Redfin, September 3, 2026)
New listings rose nationally while demand stayed flat, though Dallas and Fort Worth were exceptions, with fewer new listings than a year earlier.

Numbers describe a market. They do not describe your home, your street, or your timeline. If you are weighing a move in the Lake Highlands neighborhood in Dallas, Texas, Cindy and Cory Dunnican are glad to walk through what this data means for your specific situation — no pressure, no obligation. Get in touch with The Dunnican Team or call 972-679-1789.

Source: Texas REALTORS® Data Relevance Project via MetroTex Association of REALTORS® (Lake Highlands neighborhood, Dallas, Dallas-Fort Worth-Arlington MSA, and Texas; September 2026, with September 2025 comparisons). Underlying data from NTREIS MLS; analysis provided through the Texas Real Estate Research Center at Texas A&M University.

Lake Highlands Housing Market FAQs – September 2026

Is it a good time to sell a home in Lake Highlands?

Well-priced homes are still selling quickly. The median home went under contract in 41 days in September 2026, faster than a year ago. With 304 active listings and 5.1 months of supply, though, buyers have choices, so pricing to current comparable sales matters.

Is it a good time to buy a home in Lake Highlands?

Buyers have slightly more leverage than last year. Months of inventory rose to 5.1, price per square foot is down 4.4%, and homes closed at a median of 93.1% of original list price.

How long are homes taking to sell in Lake Highlands?

In September 2026, the median home took 41 days to go under contract and 27 days from contract to close, for 68 days in total. That's 19 days faster than a year ago and faster than Dallas overall at 84 days.

Are home prices falling in Lake Highlands?

Modestly. The median fell 18.3% to $515,000, but price per square foot fell only 4.4% to $251.42. Most of the median's drop reflects smaller homes in September's mix rather than a broad decline in values.

How competitive is the Lake Highlands housing market?

Somewhat less competitive than a year ago. Closed sales fell 38.0% while listings held steady, and months of inventory reached 5.1. Homes that are priced well still sell quickly, so competition depends heavily on the individual home.

Have questions about what these numbers mean for your home or your search? Connect with The Dunnican Team. We're glad to walk through your neighborhood and price range.

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