Is Westmont, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Westmont was a Seller's Market.
Key Takeaway
Westmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westmont, CA
How much do homes in Westmont, CA cost?
Median Sold Price
$772,500
$505/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Westmont have sold for 15.3% more than they did a month ago.
Summary: The median home sold price in Westmont was $772,500 in March 2024, up 15.3% from last month, and the median price per square foot was $505.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $629K | $660K | +4.9% |
| 3 Bedrooms | $760K | $615K | -19.1% |
| 4 Bedrooms | $635K | $885K | +39.4% |
| 5+ Bedrooms | $750K | $940K | +25.3% |
Summary: Westmont housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes increased by 25.3%.
Housing Supply in Westmont, CA
How many homes are available in Westmont, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The Westmont real estate market had 31 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Westmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westmont, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Westmont in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Westmont, CA
How long does it take to sell a home in Westmont, CA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 12 Days | -70.4% |
Summary: Homes in Westmont had an average of 12 days on market in Mar 2024, down by 70.4% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westmont are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Westmont; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.