$7,481 Closing Credit*
$629,999
1,038 SqFt
2 Beds
•2 Full Baths
Autumn Weaver, Listing Office: RE/MAX MASTERS REALTY
Is Westchester, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Westchester has remained a Seller's Market.
Key Takeaway
Westchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westchester, CA
How much do homes in Westchester, CA cost?
Median Sold Price
$1,470,750
$852/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,583(+3.3%)
Key Takeaway
Homes in Westchester have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Westchester was $1,470,750 in October 2024, up 3.3% from last year, and the median price per square foot was $852.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $530K | $485K | -8.5% |
| 2 Bedrooms | $1.0M | $754K | -24.8% |
| 3 Bedrooms | $1.3M | $1.4M | +2.2% |
| 4 Bedrooms | $1.7M | $1.6M | -1.5% |
| 5+ Bedrooms | $2.5M | $2.4M | -0.8% |
Summary: Westchester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes decreased by 24.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Westchester | $1.4M | $1.4M | +3.3% |
| Fox Hills | $660.5K | $650.5K | -1.5% |
| Playa Vista | $1.3M | $1.3M | -3.6% |
Housing Supply in Westchester, CA
How many homes are available in Westchester, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 129 | +7.5% |
Summary: The Westchester real estate market had 129 homes for sale in October 2024, a 7.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 36 | 43 | +19.4% |
| 5+ Bedrooms | 31 | 31 | 0.0% |
Summary: The Westchester 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 6.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westchester, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Westchester in October 2024, up by 8.0% month-over-month. Of the 27 sold homes, 59% were sold under asking, 4% were sold at asking, and 37% were sold over asking.
Days on Market for Westchester, CA
How long does it take to sell a home in Westchester, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 46 Days | +33.4% |
Summary: Homes in Westchester had an average of 46 days on market in Oct 2024, up by 33.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westchester are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in Westchester; 52% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.