Is Westover, NC 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, Westover has remained a Seller's Market.
Key Takeaway
Westover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westover, NC
How much do homes in Westover, NC cost?
Median Sold Price
$195,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westover have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Westover was $195,000 in April 2024, up 14.7% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $77K | +18.5% |
| 2 Bedrooms | $105K | $102K | -2.9% |
| 3 Bedrooms | $171.8K | $195.1K | +13.6% |
| 4 Bedrooms | $215K | $228K | +6.0% |
| 5+ Bedrooms | $245K | $250K | +2.0% |
Summary: Westover housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
| Westover | $170K | $195K | +14.7% |
| Bonnie Doone | $185K | $200K | +8.1% |
Housing Supply in Westover, NC
How many homes are available in Westover, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 140 | 140 | 0.0% |
Summary: The Westover real estate market had 140 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 25 | +31.6% |
| 3 Bedrooms | 105 | 96 | -8.6% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Westover 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 increased by 31.6%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 42 | +2.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westover, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Westover in April 2024, up by 2.4% month-over-month. Of the 42 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Westover, NC
How long does it take to sell a home in Westover, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 22 Days | -56.7% |
Summary: Homes in Westover had an average of 22 days on market in Apr 2024, down by 56.7% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westover are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 42 homes were sold in Westover; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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