Is West Point, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Point is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, West Point has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Point, NE

How much do homes in West Point, NE cost?

Median Sold Price

$260,000

$107/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$120,000(-31.6%)

Key Takeaway

Homes in West Point have sold for 31.6% less than they did a month ago.

Summary: The median home sold price in West Point was $260,000 in November 2024, down 31.6% from last month, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$260K
N/A
3 $320K-
N/A
4 --
N/A
5+ $427K$297.5K
-30.3%

Summary: West Point 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 did not change, and 5+ bedroom homes decreased by 30.3%.

Housing Supply in West Point, NE

How many homes are available in West Point, NE?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1210-16.7%

Summary: The West Point real estate market had 10 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 76
-14.3%
4 00
0.0%
5+ 32
-33.3%

Summary: The West Point 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Point, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in West Point in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for West Point, NE

How long does it take to sell a home in West Point, NE?

Average Sale Time

Oct 2024Nov 2024CHANGE
42 Days127 Days+200.0%

Summary: Homes in West Point had an average of 127 days on market in Nov 2024, up by 200% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in West Point are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in West Point; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 18 Days Ago

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