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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westridge is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Westridge was a Neutral Market.

Key Takeaway

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

Housing Prices in Westridge, FL

How much do homes in Westridge, FL cost?

Median Sold Price

$380,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$17,500(-4.4%)

Key Takeaway

Homes in Westridge have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in Westridge was $380,000 in September 2024, down 4.4% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $360K$350K
-2.8%
4 $410K$389.9K
-4.9%
5+ $450K$450K
0.0%

Summary: Westridge housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes did not change.

Housing Supply in Westridge, FL

How many homes are available in Westridge, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2327+17.4%

Summary: The Westridge real estate market had 27 homes for sale in September 2024, a 17.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 1317
+30.8%
5+ 55
0.0%

Summary: The Westridge housing inventory by bedroom type for September 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 increased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westridge, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Westridge in September 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Westridge, FL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
47 Days63 Days+33.1%

Summary: Homes in Westridge had an average of 63 days on market in Sep 2024, up by 33.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 5 homes were sold in Westridge; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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 Sep 1, 2024

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