Is Westmoreland County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westmoreland County is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Westmoreland County, PA cost?

Median Sold Price

$191,659

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$11,712(+6.5%)

Key Takeaway

Homes in Westmoreland County have sold for 6.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $65.7K$107.4K
+63.4%
2 $118.4K$125K
+5.6%
3 $171.5K$189.9K
+10.8%
4 $297.1K$319.9K
+7.7%
5+ $400K$399.9K
0%

Median Sold Price Compared To Nearby Counties

Fayette County
+10.9%
Westmoreland County
+6.5%
Indiana County
+5.7%
Allegheny County
+3.4%
Somerset County
+1.8%

How many homes are available in Westmoreland County, PA?

Number of Homes For Sale

Sep 2022Oct 2022%
1,2411,194-3.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 1111
0.0%
2 205199
-2.9%
3 646628
-2.8%
4 310285
-8.1%
5+ 6971
+2.9%

Number of Homes Sold

Sep 2022Oct 2022%
315256-18.7%

Asking Price vs. Sold Price

128 Homes Were Sold
Under Asking

51 Homes Were Sold
At Asking

77 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westmoreland County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
39 Days38 Days-1.9%

Breakdown of Home Sale Times

152 Homes Were Sold
Under 30 Days

72 Homes Were Sold
In 30 - 90 Days

32 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westmoreland County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Westmoreland County, PA

Westmoreland County, PA has 1,194 homes on the market. The number of homes for sale in Westmoreland County, PA decreased by 3.8% between September 2022 and October 2022. While the average time on the market in October 2022 was 38 days, the median list price was $191,659. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties prices increased by 63.4%, 2 bedrooms properties prices increased by 5.6%, prices of 3 bedrooms properties went up by 10.8%, 4 bedrooms properties prices increased by 7.7%, the cost of 5 bedrooms properties have not changed. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 2.9%, volume of 3 bedrooms homes went down by 2.8%, 4 bedrooms homes inventory decreased by 8.1%, 5 bedrooms homes became 2.9% more available. In October 2022 more than 77 listings in Westmoreland County, PA were sold above the asking price. During the same period more than 51 listings were sold at asking price, while more than 128 were sold below.

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