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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westridge is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Westridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Westridge, FL

How much do homes in Westridge, FL cost?

Median Sold Price

$380,592

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$19,407(-4.9%)

Key Takeaway

Homes in Westridge have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in Westridge was $380,592 in October 2024, down 4.9% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $367K$343.5K
-6.4%
4 $410K$389.9K
-4.9%
5+ $455K$450K
-1.1%

Summary: Westridge housing prices by bedroom type for October 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 6.4%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 1.1%.

Housing Supply in Westridge, FL

How many homes are available in Westridge, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2826-7.1%

Summary: The Westridge real estate market had 26 homes for sale in October 2024, a 7.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 1615
-6.3%
5+ 65
-16.7%

Summary: The Westridge 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 remained the same, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westridge, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Westridge in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
37 Days47 Days+25.0%

Summary: Homes in Westridge had an average of 47 days on market in Oct 2024, up by 25% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 4 homes were sold in Westridge; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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