Is Westport, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Westport was a Buyer'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
$1,869,000
$497/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westport have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Westport was $1,869,000 in April 2024, up 6.4% from last year, and the median price per square foot was $497.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $394K | $515K | +30.7% |
| 2 Bedrooms | $782.5K | $799K | +2.1% |
| 3 Bedrooms | $1.1M | $1.0M | -12.1% |
| 4 Bedrooms | $1.7M | $1.6M | -6.5% |
| 5+ Bedrooms | $2.7M | $2.8M | +5.9% |
Summary: Westport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in Westport, CT
How many homes are available in Westport, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 162 | +20.9% |
Summary: The Westport real estate market had 162 homes for sale in April 2024, a 20.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 22 | +46.7% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 27 | 44 | +63.0% |
| 5+ Bedrooms | 72 | 78 | +8.3% |
Summary: The Westport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 46.7%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 63%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 33 | +73.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westport, you could pay more than the asking price. 48.5% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Westport in April 2024, up by 73.7% month-over-month. Of the 33 sold homes, 42% were sold under asking, 9% were sold at asking, and 48% were sold over asking.
Days on Market for Westport, CT
We’re sorry, we don't have information for this market at the moment
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