Is It a Good Time to Buy a Bigger Home in Lake Highlands, Dallas?

You've outgrown your starter home. The kids need more space, a yard is non-negotiable, and you've been watching Lake Highlands homes sell before you even had a chance to book a showing. If you're a growing family in or around the northeast Dallas corridor thinking about upgrading, the spring 2026 market is presenting a window worth taking seriously.

Here's the real picture — no spin, no hype — just what you need to know before making your move in Lake Highlands, Dallas TX.

The Lake Highlands Market Right Now

Lake Highlands sits at a dynamic inflection point in 2026. Spanning ZIP codes 75238, 75243, 75231, and 75228 — and served primarily by Richardson ISD — the neighborhood continues to draw move-up families because it balances urban accessibility, school quality, and relative affordability compared to Preston Hollow or Lakewood.

With a median sale price holding around $538K and a median price per square foot of $256, the area remains competitive. Well-priced, well-located homes in Lake Highlands are still drawing multiple offers — especially those zoned to top elementary schools. The softness visible in other parts of DFW (overpriced listings, stale inventory) is simply not the story here.

New Construction Is Reshaping the Neighborhood

One of the most significant developments for move-up buyers in 2026 is Lake Highlands Village — a new gated townhome community at 718 N Buckner Blvd, Dallas, TX. Mattamy Homes, the largest family-owned homebuilder in North America, broke ground on March 23, 2026, and will build 85 three-story townhomes at approximately 2,000 square feet each, all with private garages. Community amenities will include a central park, dog park, and walking trails — all adjacent to 170,000 sq ft of existing retail and restaurants.

Sales are anticipated to open in June 2027, making this an opportunity for buyers willing to plan ahead. If you've been eyeing a low-maintenance larger home inside the city, this pipeline is worth monitoring.

If you prefer resale inventory, single-family homes with 4–5 bedrooms do move through the market in Lake Highlands — but they move fast. Working with an experienced listing agent who monitors new listings daily across Dallas County gives you a measurable advantage.

New construction options are ideal for buyers who:

• • • Want to customize finishes without a full custom build budget
    • Need flexible closing timelines while their current home sells
    • Prefer a modern home warranty and energy-efficient systems
    • Value community-style living with shared amenities
      
      

Richardson ISD: Still the Top Draw for Families

One of the most consistent reasons move-up families target Lake Highlands: access to Richardson ISD. The district serves a large portion of the neighborhood and includes highly rated elementary schools that consistently outperform Dallas ISD peers on state assessments.

Properties zoned to sought-after schools like White Rock Elementary carry a durable price premium. If school access is a primary driver of your move, it's critical to verify current boundary lines directly with RISD before submitting an offer — boundaries shift, and assumptions can be costly.