Is Westover, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Westover has remained a Seller's Market.
Key Takeaway
Westover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westover, NC
How much do homes in Westover, NC cost?
Median Sold Price
$196,082
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Westover have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Westover was $196,082 in May 2024, up 15.3% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $76.9K | +18.3% |
| 2 Bedrooms | $105K | $110K | +4.8% |
| 3 Bedrooms | $172.2K | $198.2K | +15.1% |
| 4 Bedrooms | $215K | $230K | +7.0% |
| 5+ Bedrooms | $245K | $250K | +2.0% |
Summary: Westover housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
| Westover | $170K | $196K | +15.3% |
| Bonnie Doone | $185K | $200K | +8.1% |
Housing Supply in Westover, NC
How many homes are available in Westover, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 147 | 137 | -6.8% |
Summary: The Westover real estate market had 137 homes for sale in May 2024, a 6.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 98 | 89 | -9.2% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Westover housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 43 | -4.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westover, expect to pay close to the asking price. 44.2% of homes here sold near the asking price last month.
Summary: A total of 43 homes were sold or pending in Westover in May 2024, down by 4.4% month-over-month. Of the 43 sold homes, 28% were sold under asking, 44% were sold at asking, and 28% were sold over asking.
Days on Market for Westover, NC
How long does it take to sell a home in Westover, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 16 Days | -65.0% |
Summary: Homes in Westover had an average of 16 days on market in May 2024, down by 65% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Westover are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 43 homes were sold in Westover; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.