Is Westport, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westport is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Westport has remained a Buyer's Market.

Key Takeaway

Westport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Westport, WA

How much do homes in Westport, WA cost?

Median Sold Price

$329,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$19,250(-5.5%)

Key Takeaway

Homes in Westport have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in Westport was $329,000 in November 2024, down 5.5% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180K$240K
+33.3%
2 $295K$289K
-2.0%
3 $377K$387K
+2.7%
4 $400K$712.5K
+78.1%
5+ -$1.3M
N/A

Summary: Westport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 78.1%, and 5+ bedroom homes did not change.

Housing Supply in Westport, WA

How many homes are available in Westport, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3836-5.3%

Summary: The Westport real estate market had 36 homes for sale in November 2024, a 5.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 65
-16.7%
2 2121
0.0%
3 98
-11.1%
4 22
0.0%
5+ 00
0.0%

Summary: The Westport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westport, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Westport in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Westport, WA

How long does it take to sell a home in Westport, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
7 Days99 Days+1325.0%

Summary: Homes in Westport had an average of 99 days on market in Nov 2024, up by 1325% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Westport are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in Westport; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

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