$8,075 Closing Credit*
$680,000
693 SqFt
1 Bed
•1 Full Bath
Heather Penko, Listing Office: SimpliHom
Is Westwood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Westwood was a Seller's Market.
Key Takeaway
Westwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westwood, CA
How much do homes in Westwood, CA cost?
Median Sold Price
$1,250,000
$826/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,125(+0.7%)
Key Takeaway
Homes in Westwood have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Westwood was $1,250,000 in November 2024, up 0.7% from last year, and the median price per square foot was $826.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $660K | $641.7K | -2.8% |
| 2 Bedrooms | $1.0M | $1.0M | +2.0% |
| 3 Bedrooms | $2.1M | $2.2M | +6.8% |
| 4 Bedrooms | $3.1M | $3.5M | +14.6% |
| 5+ Bedrooms | $3.8M | $4.5M | +15.9% |
Summary: Westwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 15.9%.
Housing Supply in Westwood, CA
How many homes are available in Westwood, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 135 | 130 | -3.7% |
Summary: The Westwood real estate market had 130 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 15 | -6.3% |
| 2 Bedrooms | 57 | 52 | -8.8% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Westwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 15 | -44.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Westwood in November 2024, down by 44.4% month-over-month. Of the 15 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Westwood, CA
How long does it take to sell a home in Westwood, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 74 Days | +97.2% |
Summary: Homes in Westwood had an average of 74 days on market in Nov 2024, up by 97.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Westwood has remained consistent over time.
Summary: During November 2024, 15 homes were sold in Westwood; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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.