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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westport is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Westport, CT cost?

Median Sold Price

$1,724,095

$468/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$325,210(+23.2%)

Key Takeaway

Homes in Westport have sold for 23.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $328K-
N/A
2 $633K$835K
+31.9%
3 $925K$1.1M
+18.9%
4 $1.3M$1.5M
+21.4%
5+ $2.0M$2.6M
+29.7%

Median Sold Price Compared To Nearby Cities

Westport
+23.2%
Weston
+16.8%
Fairfield
+9.0%
Norwalk
+7.3%
Southport
-13.3%

How many homes are available in Westport, CT?

Number of Homes For Sale

Jul 2022Aug 2022%
206180-12.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 1516
+6.7%
3 3632
-11.1%
4 5642
-25.0%
5+ 9889
-9.2%

Number of Homes Sold

Jul 2022Aug 2022%
4555+22.2%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westport, you could pay more than the asking price. 47.3% of homes here sold above asking price last month.

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

About Westport, CT

Westport, CT has 180 homes on the market. The number of homes for sale in Westport, CT decreased by 12.6% between July 2022 and August 2022. Real estate listing prices changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 31.9%, 3 bedrooms properties became 18.9% more expensive, the cost of 4 bedrooms properties went up by 21.4%, prices of 5 bedrooms properties went up by 29.7%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 6.7%, number of 3 bedrooms homes decreased by 11.1%, the quantity of 4 bedrooms homes went down by 25%, the quantity of 5 bedrooms homes went down by 9.2%. In August 2022 more than 26 listings in Westport, CT were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 21 were sold below.

Related Housing Market Reports