Is Westbrook Village, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westbrook Village is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Westbrook Village has remained a Seller's Market.

Key Takeaway

Westbrook Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Westbrook Village, AZ

How much do homes in Westbrook Village, AZ cost?

Median Sold Price

$425,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,156(+6.6%)

Key Takeaway

Homes in Westbrook Village have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Westbrook Village was $425,000 in October 2024, up 6.6% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$201K
N/A
2 $382.5K$403K
+5.4%
3 $475K$550K
+15.8%
4 $560K-
N/A
5+ --
N/A

Summary: Westbrook Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Dove Valley
+6.7%
Westbrook Village
+6.6%
Ironwood
+5.7%
Willow
+2.8%
Parkridge
+2.2%

Housing Supply in Westbrook Village, AZ

How many homes are available in Westbrook Village, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6578+20.0%

Summary: The Westbrook Village real estate market had 78 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 4855
+14.6%
3 1521
+40.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Westbrook Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
917+88.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westbrook Village, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Westbrook Village in October 2024, up by 88.9% month-over-month. Of the 17 sold homes, 65% were sold under asking, 35% were sold at asking, and 0% were sold over asking.

Days on Market for Westbrook Village, AZ

How long does it take to sell a home in Westbrook Village, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days55 Days+4.9%

Summary: Homes in Westbrook Village had an average of 55 days on market in Oct 2024, up by 4.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westbrook Village are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in Westbrook Village; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% 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 16 Days Ago

Newest Listings in Westbrook Village, AZ

Nearby Markets to Westbrook Village, AZ