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 4 Days Ago

Newest Listings in Westwood, CA

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