Is Westgate, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westgate is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Westgate was a Neutral Market.

Key Takeaway

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

Housing Prices in Westgate, TX

How much do homes in Westgate, TX cost?

Median Sold Price

$775,000

$395/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$158,500(-17.0%)

Key Takeaway

Homes in Westgate have sold for 17% less than they did a month ago.

Summary: The median home sold price in Westgate was $775,000 in December 2024, down 17% from last month, and the median price per square foot was $395.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $933.5K$870K
-6.8%
4 -$610K
N/A
5+ --
N/A

Summary: Westgate housing prices by bedroom type for December 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 6.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Westgate, TX

How many homes are available in Westgate, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1211-8.3%

Summary: The Westgate real estate market had 11 homes for sale in December 2024, a 8.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 75
-28.6%
4 56
+20.0%
5+ 00
0.0%

Summary: The Westgate housing inventory by bedroom type for December 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 increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

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 Westgate, 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 Westgate in December 2024, up by 50.0% month-over-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 Westgate, TX

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

Average Sale Time

Nov 2024Dec 2024CHANGE
32 Days49 Days+54.2%

Summary: Homes in Westgate had an average of 49 days on market in Dec 2024, up by 54.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Westgate has remained consistent over time.

Summary: During December 2024, 3 homes were sold in Westgate; 0% of homes were sold within 30 days, 100% 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 7 Days Ago

Newest Listings in Westgate, TX

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