Is Westville, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westville is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Westville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Westville, VA

How much do homes in Westville, VA cost?

Median Sold Price

$497,500

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$69,500(+16.2%)

Key Takeaway

Homes in Westville have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in Westville was $497,500 in May 2024, up 16.2% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$75K
N/A
2 $221.2K$214.9K
-2.8%
3 $428K$497.5K
+16.2%
4 $515K$830K
+61.2%
5+ $915K$1.5M
+69.4%

Summary: Westville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 61.2%, and 5+ bedroom homes increased by 69.4%.

Median Sold Price Compared To Nearby Cities

Mathews
+29.1%
Westville
+16.2%

Housing Supply in Westville, VA

How many homes are available in Westville, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4452+18.2%

Summary: The Westville real estate market had 52 homes for sale in May 2024, a 18.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 67
+16.7%
3 2529
+16.0%
4 58
+60.0%
5+ 66
0.0%

Summary: The Westville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Westville in May 2024, up by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Westville, VA

How long does it take to sell a home in Westville, VA?

Average Sale Time

May 2023May 2024CHANGE
62 Days57 Days-8.1%

Summary: Homes in Westville had an average of 57 days on market in May 2024, down by 8.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Westville has remained consistent over time.

Summary: During May 2024, 6 homes were sold in Westville; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 1 Day Ago

Newest Listings in Westville, VA

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