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.
Key Takeaway
Westmoreland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Westmoreland County have sold for 6.3% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Westmoreland County, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Westmoreland County are selling fast, if you're buying plan to act quickly.
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.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.