Is Westmoreland County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Westmoreland County has remained a Seller's Market.
Housing Prices in Westmoreland County, PA
How much do homes in Westmoreland County, PA cost?
Median Sold Price
$204,935
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westmoreland County was $204,935 in April 2024, up 6.3% 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 | $82.4K | $108K | +31.0% |
2 Bedrooms | $125K | $138.1K | +10.5% |
3 Bedrooms | $192.2K | $204.3K | +6.3% |
4 Bedrooms | $319K | $324.3K | +1.6% |
5+ Bedrooms | $367.5K | $394K | +7.2% |
Summary: Westmoreland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Counties
Indiana County | $145K | $154.9K | +6.8% |
Somerset County | $183.2K | $195K | +6.4% |
Westmoreland County | $192.7K | $204.9K | +6.3% |
Allegheny County | $226.4K | $235.6K | +4.0% |
Fayette County | $160.8K | $162.4K | +0.9% |
Housing Supply in Westmoreland County, PA
How many homes are available in Westmoreland County, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,037 | 1,135 | +9.5% |
Summary: The Westmoreland County real estate market had 1,135 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 20 | +25.0% |
2 Bedrooms | 164 | 184 | +12.2% |
3 Bedrooms | 557 | 593 | +6.5% |
4 Bedrooms | 225 | 259 | +15.1% |
5+ Bedrooms | 75 | 79 | +5.3% |
Summary: The Westmoreland County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
227 | 233 | +2.6% |
Asking Price vs. Sold Price
113 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Summary: A total of 233 homes were sold or pending in Westmoreland County in April 2024, up by 2.6% month-over-month. Of the 233 sold homes, 48% were sold under asking, 19% were sold at asking, and 32% were sold over asking.
Days on Market for Westmoreland County, PA
How long does it take to sell a home in Westmoreland County, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 42 Days | -11.1% |
Summary: Homes in Westmoreland County had an average of 42 days on market in Apr 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During April 2024, 233 homes were sold in Westmoreland County; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.