Is Westchester, FL 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, Westchester was a Seller's Market.
Key Takeaway
Westchester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westchester, FL
How much do homes in Westchester, FL cost?
Median Sold Price
$638,666
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westchester have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Westchester was $638,666 in April 2024, up 8.8% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $217.5K | +24.3% |
| 2 Bedrooms | $270K | $300K | +11.1% |
| 3 Bedrooms | $550K | $630K | +14.5% |
| 4 Bedrooms | $667.5K | $700K | +4.9% |
| 5+ Bedrooms | $727.5K | $800K | +10.0% |
Summary: Westchester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 10%.
Housing Supply in Westchester, FL
How many homes are available in Westchester, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 110 | 115 | +4.5% |
Summary: The Westchester real estate market had 115 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 8 | -27.3% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 36 | 43 | +19.4% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Westchester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 14 | -51.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westchester, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Westchester in April 2024, down by 51.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Westchester, FL
How long does it take to sell a home in Westchester, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 37 Days | -16.2% |
Summary: Homes in Westchester had an average of 37 days on market in Apr 2024, down by 16.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Westchester are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Westchester; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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