$9,499 Closing Credit*
$799,917
1,794 SqFt
4 Beds
•2 Full Baths
Danay Pelaez, Listing Office: Hammer Realty
Is Westwood Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Westwood Lakes was a Buyer's Market.
Key Takeaway
Westwood Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westwood Lakes, FL
How much do homes in Westwood Lakes, FL cost?
Median Sold Price
$727,500
$420/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$110,000(+17.8%)
Key Takeaway
Homes in Westwood Lakes have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in Westwood Lakes was $727,500 in October 2024, up 17.8% from last year, and the median price per square foot was $420.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $202.5K | N/A |
| 2 Bedrooms | $425K | $530K | +24.7% |
| 3 Bedrooms | $630K | $665K | +5.6% |
| 4 Bedrooms | $646.5K | $800K | +23.7% |
| 5+ Bedrooms | $775K | $735K | -5.2% |
Summary: Westwood Lakes 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 increased by 24.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Westwood Lakes | $617.5K | $727.5K | +17.8% |
| Tropical Estates | $570K | $635K | +11.4% |
| Westchester | $627.6K | $665K | +5.9% |
| Catalina Lakes | $847.5K | $895K | +5.6% |
Housing Supply in Westwood Lakes, FL
How many homes are available in Westwood Lakes, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Westwood Lakes real estate market had 27 homes for sale in October 2024, a 8.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Westwood Lakes 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 increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood Lakes, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Westwood Lakes in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Westwood Lakes, FL
How long does it take to sell a home in Westwood Lakes, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 18 Days | -2.1% |
Summary: Homes in Westwood Lakes had an average of 18 days on market in Oct 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westwood Lakes are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Westwood Lakes; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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