Is Westwood, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westwood is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Westwood, OH

How much do homes in Westwood, OH cost?

Median Sold Price

$70,000

$64/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,500(+28.4%)

Key Takeaway

Homes in Westwood have sold for 28.4% more than they did a year ago.

Summary: The median home sold price in Westwood was $70,000 in October 2024, up 28.4% from last year, and the median price per square foot was $64.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $38K-
N/A
2 $48.5K$65K
+34.0%
3 $55K$70K
+27.3%
4 $83.5K$117K
+40.1%
5+ $84.9K$372.5K
+338.8%

Summary: Westwood 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 increased by 34%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 40.1%, and 5+ bedroom homes increased by 338.8%.

Median Sold Price Compared To Nearby Neighborhoods

Roosevelt
+269.0%
Westwood
+28.4%
Southern Dayton View
-3.4%

Housing Supply in Westwood, OH

How many homes are available in Westwood, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4645-2.2%

Summary: The Westwood real estate market had 45 homes for sale in October 2024, a 2.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1922
+15.8%
3 2217
-22.7%
4 34
+33.3%
5+ 22
0.0%

Summary: The Westwood 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 15.8%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1119+72.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westwood, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Westwood in October 2024, up by 72.7% month-over-month. Of the 19 sold homes, 47% were sold under asking, 42% were sold at asking, and 11% were sold over asking.

Days on Market for Westwood, OH

We’re sorry, we don't have information for this market at the moment

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 Westwood, OH

Nearby Markets to Westwood, OH