Is Westside, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westside is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Westside was a Neutral Market.

Key Takeaway

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

Housing Prices in Westside, CA

How much do homes in Westside, CA cost?

Median Sold Price

$662,000

$601/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$43,000(-6.1%)

Key Takeaway

Homes in Westside have sold for 6.1% less than they did a month ago.

Summary: The median home sold price in Westside was $662,000 in October 2024, down 6.1% from last month, and the median price per square foot was $601.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$599K
N/A
2 $705K$625K
-11.3%
3 -$742K
N/A
4 --
N/A
5+ --
N/A

Summary: Westside housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Downtown
+155.1%
Westside
-6.1%

Housing Supply in Westside, CA

How many homes are available in Westside, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2531+24.0%

Summary: The Westside real estate market had 31 homes for sale in October 2024, a 24.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1011
+10.0%
3 812
+50.0%
4 34
+33.3%
5+ 11
0.0%

Summary: The Westside 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 10%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westside, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Westside in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.

Days on Market for Westside, CA

How long does it take to sell a home in Westside, CA?

Average Sale Time

Sep 2024Oct 2024CHANGE
27 Days27 Days+1.1%

Summary: Homes in Westside had an average of 27 days on market in Oct 2024, up by 1.1% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 10 homes were sold in Westside; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Westside, CA

Nearby Markets to Westside, CA