Is Westfield, NY 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, Westfield has remained a Seller's Market.
Key Takeaway
Westfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westfield, NY
How much do homes in Westfield, NY cost?
Median Sold Price
$150,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westfield have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Westfield was $150,000 in April 2024, down 7.4% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69K | $130.5K | +89.1% |
| 2 Bedrooms | $165K | $140K | -15.2% |
| 3 Bedrooms | $175.2K | $140K | -20.1% |
| 4 Bedrooms | $189.9K | $166.5K | -12.3% |
| 5+ Bedrooms | $235K | $187.5K | -20.2% |
Summary: Westfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.1%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 20.1%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 20.2%.
Housing Supply in Westfield, NY
How many homes are available in Westfield, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Westfield real estate market had 10 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Westfield 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westfield, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Westfield in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Westfield, NY
How long does it take to sell a home in Westfield, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 48 Days | +11.0% |
Summary: Homes in Westfield had an average of 48 days on market in Apr 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Westfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Westfield; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
