Is Westbury, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Westbury was a Seller's Market.
Housing Prices in Westbury, NY
How much do homes in Westbury, NY cost?
Median Sold Price
$710,000
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Westbury was $710,000 in May 2024, up 9.2% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | $372.5K | -3.2% |
2 Bedrooms | $695K | $740K | +6.5% |
3 Bedrooms | $625K | $735.5K | +17.7% |
4 Bedrooms | $645K | $680K | +5.4% |
5+ Bedrooms | $672.5K | $730K | +8.6% |
Summary: Westbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
Westbury | $649.8K | $710K | +9.2% |
North Hempstead | $869K | $949K | +9.2% |
Oyster Bay | $724.1K | $775.5K | +7.1% |
Old Westbury | $2.5M | $2.5M | +3.2% |
Housing Supply in Westbury, NY
How many homes are available in Westbury, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
149 | 151 | +1.3% |
Summary: The Westbury real estate market had 151 homes for sale in May 2024, a 1.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 30 | 30 | 0.0% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 44 | 48 | +9.1% |
5+ Bedrooms | 41 | 35 | -14.6% |
Summary: The Westbury housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 14.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 19 | -26.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Westbury in May 2024, down by 26.9% month-over-month. Of the 19 sold homes, 47% were sold under asking, 11% were sold at asking, and 42% were sold over asking.
Days on Market for Westbury, NY
How long does it take to sell a home in Westbury, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 48 Days | -25.6% |
Summary: Homes in Westbury had an average of 48 days on market in May 2024, down by 25.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Westbury; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.