$8,906 Closing Credit*
$750,000
1,170 SqFt
3 Beds
•1 Full Bath
Jaime Dasilva, Listing Office: William Raveis 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 October 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
$520,000
$268/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Westbrook has remained the same since last year.
Summary: The median home sold price in Westbrook was $520,000 in October 2024, the same as last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $114.9K | -20.7% |
| 2 Bedrooms | $284.7K | $268.1K | -5.8% |
| 3 Bedrooms | $550K | $498.7K | -9.3% |
| 4 Bedrooms | $560K | $829K | +48.0% |
| 5+ Bedrooms | $857.5K | $815K | -5.0% |
Summary: Westbrook housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.7%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 48%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Deep River | $310K | $417K | +34.5% |
| Ivoryton | $392K | $500.5K | +27.7% |
| Old Saybrook | $570K | $667.5K | +17.1% |
| Essex | $554.2K | $620K | +11.9% |
| Westbrook | $520K | $520K | 0.0% |
Housing Supply in Westbrook, CT
How many homes are available in Westbrook, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Westbrook real estate market had 27 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Westbrook 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 increased by 50%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were 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 5 homes were sold or pending in Westbrook in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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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