Is Westport, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westport is a neutral's market

Buyer's
Market

Difference Since March 2023

Since last year, Westport has remained a Neutral Market.

Key Takeaway

Westport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Westport, CT

How much do homes in Westport, CT cost?

Median Sold Price

$1,888,000

$495/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$138,000(+7.9%)

Key Takeaway

Homes in Westport have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Westport was $1,888,000 in March 2024, up 7.9% from last year, and the median price per square foot was $495.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $394K$1.6M
+328.9%
2 $790K$799K
+1.1%
3 $1.1M$1.1M
0%
4 $1.6M$1.6M
+2.2%
5+ $2.7M$2.8M
+1.5%

Summary: Westport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 328.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Cities

Weston
+9.6%
Norwalk
+9.0%
Westport
+7.9%
Fairfield
+6.8%
Southport
+1.7%

Housing Supply in Westport, CT

How many homes are available in Westport, CT?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
119130+9.2%

Summary: The Westport real estate market had 130 homes for sale in March 2024, a 9.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2019
-5.0%
3 1517
+13.3%
4 2326
+13.0%
5+ 6067
+11.7%

Summary: The Westport 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 5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 11.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1119+72.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westport, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Westport in March 2024, up by 72.7% month-over-month. Of the 19 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.

Days on Market for Westport, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Westport, CT

Nearby Markets to Westport, CT

What housing markets are near Westport, CT?