Is Westbury, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Westbury was a Seller's Market.
Housing Prices in Westbury, NY
How much do homes in Westbury, NY cost?
Median Sold Price
$715,000
$429/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Westbury was $715,000 in June 2024, up 10.3% from last year, and the median price per square foot was $429.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $390K | $355K | -9.0% |
2 Bedrooms | $697.5K | $740K | +6.1% |
3 Bedrooms | $630K | $732.2K | +16.2% |
4 Bedrooms | $640K | $685K | +7.0% |
5+ Bedrooms | $675K | $730K | +8.1% |
Summary: Westbury housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Westbury | $648.2K | $715K | +10.3% |
North Hempstead | $872.8K | $963.1K | +10.3% |
Oyster Bay | $723.9K | $787.9K | +8.8% |
Old Westbury | $2.5M | $2.5M | +2.4% |
Housing Supply in Westbury, NY
How many homes are available in Westbury, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
148 | 154 | +4.1% |
Summary: The Westbury real estate market had 154 homes for sale in June 2024, a 4.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 29 | 27 | -6.9% |
3 Bedrooms | 33 | 34 | +3.0% |
4 Bedrooms | 46 | 50 | +8.7% |
5+ Bedrooms | 36 | 39 | +8.3% |
Summary: The Westbury housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Westbury in June 2024, down by 4.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
76 Days | 37 Days | -51.7% |
Summary: Homes in Westbury had an average of 37 days on market in Jun 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 21 homes were sold in Westbury; 76% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.