Is Westmont Estates, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Westmont Estates was a Buyer's Market.
Key Takeaway
Westmont Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westmont Estates, GA
How much do homes in Westmont Estates, GA cost?
Median Sold Price
$195,000
$194/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Westmont Estates have sold for 3.9% less than they did a month ago.
Summary: The median home sold price in Westmont Estates was $195,000 in March 2024, down 3.9% from last month, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $172.5K | N/A |
| 3 Bedrooms | $203K | $195K | -3.9% |
| 4 Bedrooms | - | $525K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Westmont Estates housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Westmont Estates, GA
How many homes are available in Westmont Estates, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Westmont Estates real estate market had 10 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Westmont Estates 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westmont Estates, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Westmont Estates in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Westmont Estates, GA
How long does it take to sell a home in Westmont Estates, GA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 4 Days | -93.8% |
Summary: Homes in Westmont Estates had an average of 4 days on market in Mar 2024, down by 93.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westmont Estates are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Westmont Estates; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.