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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westport is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Westport, WI

How much do homes in Westport, WI cost?

Median Sold Price

$637,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$38,000(-5.6%)

Key Takeaway

Homes in Westport have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Westport was $637,000 in November 2024, down 5.6% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $320K-
N/A
2 $269.9K$327.5K
+21.3%
3 $477.5K$500K
+4.7%
4 $741K$734.9K
-0.8%
5+ $1.1M$1.0M
-5.9%

Summary: Westport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Cities

Madison
+6.5%
Middleton
+5.6%
Waunakee
+2.3%
Westport
-5.6%

Housing Supply in Westport, WI

How many homes are available in Westport, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3531-11.4%

Summary: The Westport real estate market had 31 homes for sale in November 2024, a 11.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1415
+7.1%
4 85
-37.5%
5+ 86
-25.0%

Summary: The Westport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westport, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Westport in November 2024, up by 50.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.

Days on Market for Westport, WI

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 17 Days Ago

Newest Listings in Westport, WI

Nearby Markets to Westport, WI

What housing markets are near Westport, WI?