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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westwood is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Westwood has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Westwood, CA

How much do homes in Westwood, CA cost?

Median Sold Price

$330,000

$196/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$265,000(+407.7%)

Key Takeaway

Homes in Westwood have sold for 407.7% more than they did a month ago.

Summary: The median home sold price in Westwood was $330,000 in December 2024, up 407.7% from last month, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $65K-
N/A
3 --
N/A
4 -$330K
N/A
5+ --
N/A

Summary: Westwood housing prices by bedroom type for December 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

Westwood
+407.7%
Westwood
+407.7%

Housing Supply in Westwood, CA

How many homes are available in Westwood, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
440.0%

Summary: The Westwood real estate market had 4 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 12
+100.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Westwood housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 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 December 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

Nov 2024Dec 2024CHANGE
150 Days83 Days-44.7%

Summary: Homes in Westwood had an average of 83 days on market in Dec 2024, down by 44.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Westwood has remained consistent over time.

Summary: During December 2024, 1 homes were sold in Westwood; 0% of homes were sold within 30 days, 100% 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 8 Days Ago

Newest Listings in Westwood, CA

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