$10,000 Closing Credit*
$850,000
1,500 SqFt
3 Beds
•2 Full Baths
Sue S Hudson, Listing Office: National Land Realty, LLC
Is Westover, 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, Westover was a Seller's Market.
Key Takeaway
Westover 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 Westover, MD
How much do homes in Westover, MD cost?
Median Sold Price
$217,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,000(-5.2%)
Key Takeaway
Homes in Westover have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Westover was $217,500 in November 2024, down 5.2% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $18K | N/A |
| 2 Bedrooms | $154.9K | $195K | +25.9% |
| 3 Bedrooms | $239K | $239.9K | 0.4% |
| 4 Bedrooms | $269K | - | N/A |
| 5+ Bedrooms | $52.9K | $390K | +637.2% |
Summary: Westover 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 increased by 25.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 637.2%.
Median Sold Price Compared To Nearby Cities
| Marion Station | $175K | $269.9K | +54.2% |
| Westover | $229.5K | $217.5K | -5.2% |
Housing Supply in Westover, MD
How many homes are available in Westover, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The Westover real estate market had 14 homes for sale in November 2024, a 27.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Westover 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westover, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Westover in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Westover, MD
How long does it take to sell a home in Westover, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 12 Days | -45.7% |
Summary: Homes in Westover had an average of 12 days on market in Nov 2024, down by 45.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westover are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Westover; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
