Is Westbury, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westbury is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Westbury has remained a Seller's Market.

Key Takeaway

Westbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Westbury, NY cost?

Median Sold Price

$650,000

$374/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$83,250(+14.7%)

Key Takeaway

Homes in Westbury have sold for 14.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $342K$329K
-3.8%
2 $435K$456K
+4.8%
3 $575.9K$658K
+14.3%
4 $627K$715K
+14.0%
5+ $661K$775K
+17.2%

Median Sold Price Compared To Nearby Cities

Old Westbury
+27.1%
Westbury
+14.7%
Mineola
+10.3%
Oyster Bay
+7.4%
North Hempstead
+3.1%

How many homes are available in Westbury, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
7477+4.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 85
-37.5%
2 99
0.0%
3 2023
+15.0%
4 2526
+4.0%
5+ 1214
+16.7%

Number of Homes Sold

Sep 2022Oct 2022%
714+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westbury, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
59 Days35 Days-39.7%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Westbury, NY

Number of homes for sale in Westbury, NY real estate market have reached 77. The number of homes for sale in Westbury, NY increased by 4.1% between September 2022 and October 2022. In October 2022, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $650,000. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties went down by 3.8%, 2 bedrooms properties became 4.8% more expensive, 3 bedrooms properties prices increased by 14.3%, prices of 4 bedrooms properties increased by 14%, prices of 5 bedrooms properties increased by 17.2%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 37.5%, 2 bedrooms homes did not move, number of 3 bedrooms homes increased by 15%, number of 4 bedrooms homes increased by 4%, 5 bedrooms homes inventory increased by 16.7%. While more than 10 listings in Westbury, NY in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.

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