Is Westchester, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westchester is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Westchester was a Seller's Market.

Key Takeaway

Westchester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Westchester, FL

How much do homes in Westchester, FL cost?

Median Sold Price

$674,500

$389/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,500(+7.1%)

Key Takeaway

Homes in Westchester have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Westchester was $674,500 in November 2024, up 7.1% from last year, and the median price per square foot was $389.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205K$250K
+22.0%
2 $296.2K$327K
+10.4%
3 $608K$651.2K
+7.1%
4 $689K$750K
+8.9%
5+ $790K$810K
+2.5%

Summary: Westchester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 2.5%.

Housing Supply in Westchester, FL

How many homes are available in Westchester, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
133123-7.5%

Summary: The Westchester real estate market had 123 homes for sale in November 2024, a 7.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1010
0.0%
2 1616
0.0%
3 5546
-16.4%
4 3734
-8.1%
5+ 1517
+13.3%

Summary: The Westchester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.4%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2917-41.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westchester, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Westchester in November 2024, down by 41.4% month-over-month. Of the 17 sold homes, 47% were sold under asking, 47% were sold at asking, and 6% were sold over asking.

Days on Market for Westchester, FL

How long does it take to sell a home in Westchester, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days48 Days+37.0%

Summary: Homes in Westchester had an average of 48 days on market in Nov 2024, up by 37% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westchester are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in Westchester; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% 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 17 Days Ago

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