Is Westport, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Westport was a Seller's Market.
Key Takeaway
Westport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westport, WA
How much do homes in Westport, WA cost?
Median Sold Price
$316,500
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Westport have sold for 12.6% less than they did a year ago.
Summary: The median home sold price in Westport was $316,500 in May 2024, down 12.6% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.5K | $14.5K | -94.8% |
| 2 Bedrooms | $309K | $289K | -6.5% |
| 3 Bedrooms | $369.9K | $387K | +4.6% |
| 4 Bedrooms | $542.5K | $400K | -26.3% |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: Westport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 94.8%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes did not change.
Housing Supply in Westport, WA
How many homes are available in Westport, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The Westport real estate market had 43 homes for sale in May 2024, a 16.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Westport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westport, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Westport in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Westport, WA
How long does it take to sell a home in Westport, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 46 Days | +144.7% |
Summary: Homes in Westport had an average of 46 days on market in May 2024, up by 144.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Westport has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Westport; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.