Is Westport, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Westport has remained a Seller's Market.
Key Takeaway
Westport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westport, CT
How much do homes in Westport, CT cost?
Median Sold Price
$1,850,000
$499/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Westport have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Westport was $1,850,000 in June 2024, up 1.7% from last year, and the median price per square foot was $499.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $394K | $494.9K | +25.6% |
| 2 Bedrooms | $805K | $905K | +12.4% |
| 3 Bedrooms | $1.1M | $1.1M | -4.5% |
| 4 Bedrooms | $1.7M | $1.6M | -6.2% |
| 5+ Bedrooms | $2.7M | $2.7M | -0.1% |
Summary: Westport housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.6%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in Westport, CT
How many homes are available in Westport, CT?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 170 | 164 | -3.5% |
Summary: The Westport real estate market had 164 homes for sale in June 2024, a 3.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 29 | 34 | +17.2% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 54 | 44 | -18.5% |
| 5+ Bedrooms | 73 | 68 | -6.8% |
Summary: The Westport housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 6.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 29 | 37 | +27.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westport, you could pay more than the asking price. 51.4% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Westport in June 2024, up by 27.6% month-over-month. Of the 37 sold homes, 32% were sold under asking, 16% were sold at asking, and 51% were sold over asking.
Days on Market for Westport, CT
How long does it take to sell a home in Westport, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westport are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 37 homes were sold in Westport; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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