Is Westbrook, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Westbrook has remained a Seller's Market.
Housing Prices in Westbrook, CT
How much do homes in Westbrook, CT cost?
Median Sold Price
$515,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Westbrook was $515,000 in May 2024, up 4% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $218.5K | $119.9K | -45.1% |
2 Bedrooms | $475K | $265K | -44.2% |
3 Bedrooms | $490K | $540K | +10.2% |
4 Bedrooms | $570K | $650K | +14.0% |
5+ Bedrooms | $822.5K | $802.5K | -2.4% |
Summary: Westbrook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.1%, 2 bedroom homes decreased by 44.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
Ivoryton | $397.5K | $465K | +17.0% |
Old Saybrook | $545K | $620K | +13.8% |
Essex | $536.9K | $572K | +6.5% |
Westbrook | $495K | $515K | +4.0% |
Deep River | $349.5K | $314K | -10.2% |
Housing Supply in Westbrook, CT
How many homes are available in Westbrook, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Summary: The Westbrook real estate market had 28 homes for sale in May 2024, a 3.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Westbrook housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Westbrook in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Westbrook, CT
We’re sorry, we don't have information for this market at the moment