$7,719 Closing Credit*
$650,000
1,077 SqFt
3 Beds
•2 Full Baths
Mario Avalos, Listing Office: K & A 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 Last Month
Last month, Westwood Lakes was a Seller's Market.
Key Takeaway
Westwood Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westwood Lakes, FL
How much do homes in Westwood Lakes, FL cost?
Median Sold Price
$650,000
$312/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$95,000(-12.8%)
Key Takeaway
Homes in Westwood Lakes have sold for 12.8% less than they did a month ago.
Summary: The median home sold price in Westwood Lakes was $650,000 in November 2024, down 12.8% from last month, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $675K | - | N/A |
| 4 Bedrooms | $780K | $650K | -16.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Westwood Lakes housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Westwood Lakes | $745K | $650K | -12.8% |
| Catalina Lakes | $1.1M | $700K | -37.5% |
Housing Supply in Westwood Lakes, FL
How many homes are available in Westwood Lakes, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Westwood Lakes real estate market had 27 homes for sale in November 2024, a 3.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Westwood Lakes 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 10%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood Lakes, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Westwood Lakes in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 43 Days | +1.2% |
Summary: Homes in Westwood Lakes had an average of 43 days on market in Nov 2024, up by 1.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Westwood Lakes has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Westwood Lakes; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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