Is Westmoreland, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Westmoreland was a Seller's Market.
Key Takeaway
Westmoreland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Westmoreland, NY
How much do homes in Westmoreland, NY cost?
Median Sold Price
$237,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westmoreland have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Westmoreland was $237,000 in April 2024, up 5.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $117K | N/A |
| 2 Bedrooms | $143K | $189K | +32.2% |
| 3 Bedrooms | $245.9K | $232.2K | -5.6% |
| 4 Bedrooms | $289K | $259.2K | -10.3% |
| 5+ Bedrooms | $180K | $385K | +113.9% |
Summary: Westmoreland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.2%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 113.9%.
Median Sold Price Compared To Nearby Cities
| Whitestown | $185K | $211K | +14.1% |
| Westmoreland | $225K | $237K | +5.3% |
Housing Supply in Westmoreland, NY
How many homes are available in Westmoreland, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Westmoreland real estate market had 12 homes for sale in April 2024, a 14.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Westmoreland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westmoreland, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Westmoreland in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Westmoreland, NY
How long does it take to sell a home in Westmoreland, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 6 Days | -63.9% |
Summary: Homes in Westmoreland had an average of 6 days on market in Apr 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westmoreland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Westmoreland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
