Is Westfield Village, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westfield Village is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Westfield Village was a Buyer's Market.

Key Takeaway

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

Housing Prices in Westfield Village, TX

How much do homes in Westfield Village, TX cost?

Median Sold Price

$324,900

$211/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$35,400(+12.2%)

Key Takeaway

Homes in Westfield Village have sold for 12.2% more than they did a month ago.

Summary: The median home sold price in Westfield Village was $324,900 in October 2024, up 12.2% from last month, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $289.5K$275.9K
-4.7%
4 -$374.9K
N/A
5+ --
N/A

Summary: Westfield Village housing prices by bedroom type for October 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 decreased by 4.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Westfield Village, TX

How many homes are available in Westfield Village, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2018-10.0%

Summary: The Westfield Village real estate market had 18 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 75
-28.6%
4 1212
0.0%
5+ 11
0.0%

Summary: The Westfield Village 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westfield Village, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Westfield Village in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.

Days on Market for Westfield Village, TX

How long does it take to sell a home in Westfield Village, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
57 Days136 Days+139.3%

Summary: Homes in Westfield Village had an average of 136 days on market in Oct 2024, up by 139.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Westfield Village has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Westfield Village; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 23 Days Ago

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