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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westwood is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Westwood was a Buyer's Market.

Key Takeaway

Westwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Westwood, CA

How much do homes in Westwood, CA cost?

Median Sold Price

$350,000

$243/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$200,000(-36.4%)

Key Takeaway

Homes in Westwood have sold for 36.4% less than they did a month ago.

Summary: The median home sold price in Westwood was $350,000 in October 2024, down 36.4% from last month, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$350K
N/A
4 $550K-
N/A
5+ --
N/A

Summary: Westwood 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 did not change, 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 Cities

Chester
-30.0%
Westwood
-36.4%
Westwood
-36.4%

Housing Supply in Westwood, CA

How many homes are available in Westwood, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
87-12.5%

Summary: The Westwood real estate market had 7 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Westwood 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Westwood in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
123 Days113 Days-8.1%

Summary: Homes in Westwood had an average of 113 days on market in Oct 2024, down by 8.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Westwood are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Westwood; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 23 Days Ago

Newest Listings in Westwood, CA

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