Is Westport, IN 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 April 2023

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.

Housing Prices in Westport, IN

How much do homes in Westport, IN cost?

Median Sold Price

$185,250

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$64,650(-25.9%)

Key Takeaway

Homes in Westport have sold for 25.9% less than they did a year ago.

Summary: The median home sold price in Westport was $185,250 in April 2024, down 25.9% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $315K$118.7K
-62.3%
3 $200K$188.5K
-5.8%
4 $359.9K$230K
-36.1%
5+ $447.5K$355.2K
-20.6%

Summary: Westport 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 decreased by 62.3%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 36.1%, and 5+ bedroom homes decreased by 20.6%.

Median Sold Price Compared To Nearby Cities

Sandcreek Township
-8.9%
Westport
-25.9%

Housing Supply in Westport, IN

How many homes are available in Westport, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1413-7.1%

Summary: The Westport real estate market had 13 homes for sale in April 2024, a 7.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 44
0.0%
3 108
-20.0%
4 00
0.0%
5+ 01
+100.0%

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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
38+166.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westport, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Westport in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Westport, IN

How long does it take to sell a home in Westport, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days22 Days-43.5%

Summary: Homes in Westport had an average of 22 days on market in Apr 2024, down by 43.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westport are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in Westport; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

Newest Listings in Westport, IN

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