$5,997 Closing Credit*
$505,000
2,295 SqFt
3 Beds
•3 Full Baths, 1 Partial
Wyevetra Jordan, Listing Office: The Home Team Realty Group, LLC
Is Westphalia, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Westphalia has remained a Seller's Market.
Key Takeaway
Westphalia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westphalia, MD
How much do homes in Westphalia, MD cost?
Median Sold Price
$499,900
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,005(+0.4%)
Key Takeaway
The sold price of homes in Westphalia has remained the same since last year.
Summary: The median home sold price in Westphalia was $499,900 in November 2024, up 0.4% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $247K | $381K | +54.3% |
| 3 Bedrooms | $490.1K | $495K | +1.0% |
| 4 Bedrooms | $599.9K | $570.4K | -4.9% |
| 5+ Bedrooms | $785K | $700K | -10.8% |
Summary: Westphalia 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 54.3%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in Westphalia, MD
How many homes are available in Westphalia, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 59 | -10.6% |
Summary: The Westphalia real estate market had 59 homes for sale in November 2024, a 10.6% decrease 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 35 | 28 | -20.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 15 | 11 | -26.7% |
Summary: The Westphalia 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 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westphalia, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Westphalia in November 2024, down by 27.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Westphalia, MD
How long does it take to sell a home in Westphalia, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 43 Days | +4.9% |
Summary: Homes in Westphalia had an average of 43 days on market in Nov 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westphalia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Westphalia; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
