Is Westbury, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Westbury was a Buyer's Market.
Housing Prices in Westbury, NY
How much do homes in Westbury, NY cost?
Median Sold Price
$700,000
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westbury was $700,000 in April 2024, up 7.7% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $390K | $386K | -1.0% |
2 Bedrooms | $692.5K | $739K | +6.7% |
3 Bedrooms | $625K | $735K | +17.6% |
4 Bedrooms | $646.7K | $682.5K | +5.5% |
5+ Bedrooms | $685K | $715K | +4.4% |
Summary: Westbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
North Hempstead | $870.7K | $939K | +7.8% |
Westbury | $649.8K | $700K | +7.7% |
Oyster Bay | $729.2K | $764.7K | +4.9% |
Old Westbury | $2.5M | $2.5M | +0.6% |
Housing Supply in Westbury, NY
How many homes are available in Westbury, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
131 | 152 | +16.0% |
Summary: The Westbury real estate market had 152 homes for sale in April 2024, a 16.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 25 | 31 | +24.0% |
3 Bedrooms | 31 | 32 | +3.2% |
4 Bedrooms | 38 | 44 | +15.8% |
5+ Bedrooms | 35 | 42 | +20.0% |
Summary: The Westbury housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 26 | +30.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Westbury in April 2024, up by 30.0% month-over-month. Of the 26 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
77 Days | 31 Days | -59.3% |
Summary: Homes in Westbury had an average of 31 days on market in Apr 2024, down by 59.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Westbury; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.