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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westbury is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Westbury was a Seller's Market.

Key Takeaway

Westbury 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 Westbury, NY

How much do homes in Westbury, NY cost?

Median Sold Price

$695,000

$421/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$45,000(+6.9%)

Key Takeaway

Homes in Westbury have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Westbury was $695,000 in March 2024, up 6.9% from last year, and the median price per square foot was $421.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $395K$372.5K
-5.7%
2 $680K$739K
+8.7%
3 $630K$732.2K
+16.2%
4 $645K$680K
+5.4%
5+ $690K$700K
+1.4%

Summary: Westbury housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Cities

Westbury
+6.9%
Oyster Bay
+5.2%
North Hempstead
+3.4%
Old Westbury
-6.7%

Housing Supply in Westbury, NY

How many homes are available in Westbury, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
127134+5.5%

Summary: The Westbury real estate market had 134 homes for sale in March 2024, a 5.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 42
-50.0%
2 2524
-4.0%
3 3232
0.0%
4 3840
+5.3%
5+ 2836
+28.6%

Summary: The Westbury housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1820+11.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 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. 60% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Westbury in March 2024, up by 11.1% month-over-month. Of the 20 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.

Days on Market for Westbury, NY

How long does it take to sell a home in Westbury, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
70 Days43 Days-38.8%

Summary: Homes in Westbury had an average of 43 days on market in Mar 2024, down by 38.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 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.

Summary: During March 2024, 20 homes were sold in Westbury; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% 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 11 Days Ago

Newest Listings in Westbury, NY

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