Southgate’s rolling three-month numbers show more homes available and a slower pace than a year ago. Active listings are up sharply year over year, and months of supply has climbed to 8.1, signaling more options for buyers. At the same time, homes sold over the period increased dramatically compared with last year, even as contracts under pending status held steady.
Pricing is adjusting to these conditions, with the typical home value up about 7 percent year over year while the median list price is down double digits from a year ago. Sellers are generally pricing below last year’s levels and buyers are negotiating, as reflected in an average sale-to-list ratio around 97 percent and no recent sales closing above asking. Homes are also taking much longer to sell than they did a year ago, with the median days on market rising to 24 days.
Compared with the broader Fort Worth market, Southgate’s home values sit below the citywide typical sale price, offering a relatively more affordable option within the area. Inventory is also looser locally than in Fort Worth overall, where months of supply is closer to four months, highlighting a softer environment for Southgate sellers. With shifting inventory, pricing, and timelines, both buyers and sellers in Southgate can benefit from an Agent Pronto–recommended real estate agent to help them navigate their next move.
