$974 Closing Credit*
$81,999
1,898 SqFt
3 Beds
•1 Full Bath
Victor Dimbo, Listing Office: Bennett Realty Solutions
Is West, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, West was a Seller's Market.
Key Takeaway
West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West, MD
How much do homes in West, MD cost?
Median Sold Price
$93,928
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,928(+4.4%)
Key Takeaway
Homes in West have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in West was $93,928 in November 2024, up 4.4% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40.7K | $63K | +54.8% |
| 2 Bedrooms | $48K | $60K | +25.0% |
| 3 Bedrooms | $80.8K | $77K | -4.8% |
| 4 Bedrooms | $168K | $195K | +16.1% |
| 5+ Bedrooms | $100K | $194.9K | +94.9% |
Summary: West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.8%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 94.9%.
Median Sold Price Compared To Nearby Neighborhoods
| West | $90K | $93.9K | +4.4% |
| Coppin Heights / Ash-Co-East | $92.5K | $89K | -3.8% |
Housing Supply in West, MD
How many homes are available in West, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 296 | 303 | +2.4% |
Summary: The West real estate market had 303 homes for sale in November 2024, a 2.4% 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 | 29 | 28 | -3.4% |
| 3 Bedrooms | 170 | 171 | +0.6% |
| 4 Bedrooms | 73 | 77 | +5.5% |
| 5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The West 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 3.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in West in November 2024, the same as the previous month. Of the 40 sold homes, 40% were sold under asking, 15% were sold at asking, and 45% were sold over asking.
Days on Market for West, MD
How long does it take to sell a home in West, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 59 Days | +12.4% |
Summary: Homes in West had an average of 59 days on market in Nov 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in West; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
