Is Westchester, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Westchester has remained a Seller's Market.
Key Takeaway
Westchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westchester, CA
How much do homes in Westchester, CA cost?
Median Sold Price
$1,451,666
$877/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Westchester has remained the same since last year.
Summary: The median home sold price in Westchester was $1,451,666 in April 2024, down 0.3% from last year, and the median price per square foot was $877.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $520.5K | $515K | -1.1% |
| 2 Bedrooms | $852.5K | $937.5K | +10.0% |
| 3 Bedrooms | $1.3M | $1.4M | +2.7% |
| 4 Bedrooms | $1.6M | $1.7M | +5.8% |
| 5+ Bedrooms | $2.8M | $2.3M | -19.6% |
Summary: Westchester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 19.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Fox Hills | $661.5K | $667.5K | +0.9% |
| Westchester | $1.4M | $1.4M | -0.3% |
| Playa Vista | $1.4M | $1.3M | -5.5% |
Housing Supply in Westchester, CA
How many homes are available in Westchester, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 87 | 103 | +18.4% |
Summary: The Westchester real estate market had 103 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 32 | 42 | +31.3% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Westchester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westchester, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Westchester in April 2024, down by 25.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.
Days on Market for Westchester, CA
How long does it take to sell a home in Westchester, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 43 Days | +12.7% |
Summary: Homes in Westchester had an average of 43 days on market in Apr 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westchester are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Westchester; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.