Is Westfield Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westfield Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Westfield Township has remained a Seller's Market.

Key Takeaway

Westfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Westfield Township, NC

How much do homes in Westfield Township, NC cost?

Median Sold Price

$268,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$61,500(+29.8%)

Key Takeaway

Homes in Westfield Township have sold for 29.8% more than they did a year ago.

Summary: The median home sold price in Westfield Township was $268,000 in May 2024, up 29.8% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$165K
N/A
2 $209.3K$240.5K
+14.9%
3 $196K$270K
+37.8%
4 $330K$318.5K
-3.5%
5+ $95K-
N/A

Summary: Westfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 37.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Big Creek Township
+77.5%
Quaker Gap Township
+38.7%
Westfield Township
+29.8%
Mount Airy Township
+8.4%

Housing Supply in Westfield Township, NC

How many homes are available in Westfield Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
810+25.0%

Summary: The Westfield Township real estate market had 10 homes for sale in May 2024, a 25.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 78
+14.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Westfield Township 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 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westfield Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Westfield Township in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Westfield Township, NC

How long does it take to sell a home in Westfield Township, NC?

Average Sale Time

May 2023May 2024CHANGE
103 Days18 Days-81.9%

Summary: Homes in Westfield Township had an average of 18 days on market in May 2024, down by 81.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westfield Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Westfield Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Westfield Township, NC

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