Is West Winfield, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Winfield is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, West Winfield has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Winfield, NY

How much do homes in West Winfield, NY cost?

Median Sold Price

$238,525

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,625(+13.6%)

Key Takeaway

Homes in West Winfield have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in West Winfield was $238,525 in October 2024, up 13.6% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $129.9K$80K
-38.4%
3 $230K$220.8K
-4.0%
4 $209.9K$294.9K
+40.5%
5+ $169.9K$290K
+70.7%

Summary: West Winfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes increased by 70.7%.

Median Sold Price Compared To Nearby Cities

Winfield
+54.4%
West Winfield
+13.6%
West Winfield
+13.6%

Housing Supply in West Winfield, NY

How many homes are available in West Winfield, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1311-15.4%

Summary: The West Winfield real estate market had 11 homes for sale in October 2024, a 15.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 54
-20.0%
4 54
-20.0%
5+ 32
-33.3%

Summary: The West Winfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Winfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in West Winfield in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for West Winfield, NY

How long does it take to sell a home in West Winfield, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
225 Days4 Days-98.2%

Summary: Homes in West Winfield had an average of 4 days on market in Oct 2024, down by 98.2% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Winfield are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in West Winfield; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in West Winfield, NY

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