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| AUGUST 2024 | |||
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| Zip Code(s): 23226 | |||
| Units Sold 25 |
Active Inventory 23 |
Median Sale Price $684,000 |
Days On Market 16 |
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| No Change Vs. Year Ago |
Up 53% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 25 sold this month in Westhampton Real Estate, a decrease of 26%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 8 units or 53%. The total number of active inventory this August was 23 compared to 15 in August 2023. This month's total of 23 is lower than the previous month's total supply of available inventory of 26, a decrease of 12%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last August, the median sale price for Westhampton Homes was $540,000. This August, the median sale price was $684,000, an increase of $144,000 compared to last year. The current median sold price is higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 28 |
Current Contracts 24 |
Sold Vs. List Price 101.8% |
Months of Supply 0.9 |
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| Up 47% Vs. Year Ago |
Up 41% Vs. Year Ago |
Down Vs. Year Ago |
Up 53% Vs. Year Ago |
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Months of Supply
In August, there was 0.9 months of supply available in Westhampton, compared to 0.6 in August 2023. That is an increase of 53% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 28 homes newly listed for sale in Westhampton compared to 19 in August 2023, an increase of 47%. There were 24 current contracts pending sale this August compared to 17 a year ago. The number of current contracts is 41% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Westhampton was 101.8% of the average list price, which is lower than at this time last year. Days on Market
This month, the average number of days on market was 16, higher than the average last year, which was 9. This increase was impacted by the limited number of sales. | |||
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Westhampton are defined as properties listed in zip code/s 23226. | ||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc. |
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