Is Westport, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westport is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Westport was a Buyer's Market.

Key Takeaway

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

Housing Prices in Westport, IN

How much do homes in Westport, IN cost?

Median Sold Price

$200,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+17.6%)

Key Takeaway

Homes in Westport have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in Westport was $200,000 in November 2024, up 17.6% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $157.7K$115K
-27.1%
3 $170K$200K
+17.6%
4 $214K$397.4K
+85.7%
5+ $299.9K$660.9K
+120.4%

Summary: Westport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 120.4%.

Median Sold Price Compared To Nearby Cities

Westport
+17.6%
Sandcreek Township
+4.6%

Housing Supply in Westport, IN

How many homes are available in Westport, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
108-20.0%

Summary: The Westport real estate market had 8 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 34
+33.3%
4 21
-50.0%
5+ 10
-100.0%

Summary: The Westport 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 decreased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westport, 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 Westport in November 2024, down by 25.0% 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 Westport, IN

How long does it take to sell a home in Westport, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
79 Days57 Days-27.8%

Summary: Homes in Westport had an average of 57 days on market in Nov 2024, down by 27.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Westport are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Westport; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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

Newest Listings in Westport, IN

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