Is Westend, NC 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, Westend was a Seller's Market.
Key Takeaway
Westend is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Westend, NC
How much do homes in Westend, NC cost?
Median Sold Price
$400,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westend have sold for 29% more than they did a year ago.
Summary: The median home sold price in Westend was $400,000 in April 2024, up 29% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252K | $235K | -6.7% |
| 2 Bedrooms | $275.2K | $400K | +45.3% |
| 3 Bedrooms | $690K | $435.5K | -36.9% |
| 4 Bedrooms | $877.5K | $699K | -20.3% |
| 5+ Bedrooms | $665K | $925K | +39.1% |
Summary: Westend housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 45.3%, 3 bedroom homes decreased by 36.9%, 4 bedroom homes decreased by 20.3%, and 5+ bedroom homes increased by 39.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Westend | $310K | $400K | +29.0% |
| Downtown Winston-Salem | $510K | $505K | -1.0% |
Housing Supply in Westend, NC
How many homes are available in Westend, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Summary: The Westend real estate market had 13 homes for sale in April 2024, a 85.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Westend housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westend, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Westend in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Westend, NC
How long does it take to sell a home in Westend, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 1 Day | -50.0% |
Summary: Homes in Westend had an average of 1 days on market in Apr 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
2 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 Westend are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Westend; 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.
