$5,000
0.09 Acres
Land
Todd D Vanderlip, Listing Office: Park Realty of WNY LLC
Is Westfield, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Westfield has remained a Seller's Market.
Key Takeaway
Westfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westfield, NY
How much do homes in Westfield, NY cost?
Median Sold Price
$154,250
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,250(-2.7%)
Key Takeaway
Homes in Westfield have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Westfield was $154,250 in October 2024, down 2.7% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37.5K | $105K | +180.0% |
| 2 Bedrooms | $160K | $114.8K | -28.2% |
| 3 Bedrooms | $145K | $160K | +10.3% |
| 4 Bedrooms | $184K | $158.5K | -13.9% |
| 5+ Bedrooms | $187.5K | $306K | +63.2% |
Summary: Westfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 180%, 2 bedroom homes decreased by 28.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 63.2%.
Housing Supply in Westfield, NY
How many homes are available in Westfield, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Westfield real estate market had 19 homes for sale in October 2024, a 26.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Westfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Westfield in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Westfield, NY
How long does it take to sell a home in Westfield, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 65 Days | -2.6% |
Summary: Homes in Westfield had an average of 65 days on market in Oct 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Westfield has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Westfield; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
