$10,000 Closing Credit*
$2,350,000
1,824 SqFt
4 Beds
•3 Full Baths, 1 Partial
Brenda Davenport, Listing Office: Pearce Real Estate
Is Westbrook, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Westbrook has remained a Seller's Market.
Key Takeaway
Westbrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westbrook, CT
How much do homes in Westbrook, CT cost?
Median Sold Price
$540,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,250(+2.7%)
Key Takeaway
Homes in Westbrook have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Westbrook was $540,000 in November 2024, up 2.7% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $500K | +284.8% |
| 2 Bedrooms | $285K | $320K | +12.3% |
| 3 Bedrooms | $568K | $515K | -9.3% |
| 4 Bedrooms | $581.2K | $710K | +22.2% |
| 5+ Bedrooms | $855K | $815K | -4.7% |
Summary: Westbrook housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 284.8%, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Deep River | $332.9K | $424K | +27.4% |
| Ivoryton | $403K | $501K | +24.3% |
| Old Saybrook | $570K | $685K | +20.2% |
| Essex | $540K | $622K | +15.2% |
| Westbrook | $525.7K | $540K | +2.7% |
Housing Supply in Westbrook, CT
How many homes are available in Westbrook, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The Westbrook real estate market had 28 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Westbrook housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westbrook, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Westbrook in November 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Westbrook, CT
We’re sorry, we don't have information for this market at the moment
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