$9,203 Closing Credit*
$775,000
3,276 SqFt
3 Beds
•2 Full Baths
Rick Weiner, Listing Office: William Pitt Sotheby's Int'l
Is Westbrook, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Westbrook has remained a Seller's Market.
Key Takeaway
Westbrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westbrook, CT
How much do homes in Westbrook, CT cost?
Median Sold Price
$515,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$5,000(-1.0%)
Key Takeaway
Homes in Westbrook have sold for 1% less than they did a year ago.
Summary: The median home sold price in Westbrook was $515,000 in August 2024, down 1% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $119.9K | -17.3% |
| 2 Bedrooms | $451K | $265K | -41.2% |
| 3 Bedrooms | $518K | $522.5K | +0.9% |
| 4 Bedrooms | $562.5K | $714K | +26.9% |
| 5+ Bedrooms | $857.5K | $815K | -5.0% |
Summary: Westbrook housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.3%, 2 bedroom homes decreased by 41.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Deep River | $327.9K | $410K | +25.0% |
| Old Saybrook | $549.9K | $650K | +18.2% |
| Ivoryton | $415K | $487.5K | +17.5% |
| Essex | $539.6K | $590K | +9.3% |
| Westbrook | $520K | $515K | -1.0% |
Housing Supply in Westbrook, CT
How many homes are available in Westbrook, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Summary: The Westbrook real estate market had 32 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Westbrook housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westbrook, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Westbrook in August 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Westbrook, CT
We’re sorry, we don't have information for this market at the moment
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