Is Westwood Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Westwood Lakes has remained a Seller's Market.
Housing Prices in Westwood Lakes, FL
How much do homes in Westwood Lakes, FL cost?
Median Sold Price
$655,000
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westwood Lakes was $655,000 in April 2024, up 11% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $422K | $520K | +23.2% |
3 Bedrooms | $577K | $650K | +12.7% |
4 Bedrooms | $640K | $700K | +9.4% |
5+ Bedrooms | $607.5K | $730K | +20.2% |
Summary: Westwood Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Neighborhoods
Catalina Lakes | $732K | $982.5K | +34.2% |
Miller Heights | $620K | $700K | +12.9% |
Westwood Lakes | $590K | $655K | +11.0% |
Westchester | $586.8K | $638.6K | +8.8% |
Housing Supply in Westwood Lakes, FL
How many homes are available in Westwood Lakes, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 26 | -10.3% |
Summary: The Westwood Lakes real estate market had 26 homes for sale in April 2024, a 10.3% decrease 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 | 2 | 1 | -50.0% |
3 Bedrooms | 13 | 11 | -15.4% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Westwood Lakes 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 decreased by 50%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Westwood Lakes in April 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Westwood Lakes, FL
How long does it take to sell a home in Westwood Lakes, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 40 Days | -29.7% |
Summary: Homes in Westwood Lakes had an average of 40 days on market in Apr 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Westwood Lakes; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.