Is Westmoreland County, VA 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 County was a Seller's Market.
Housing Prices in Westmoreland County, VA
How much do homes in Westmoreland County, VA cost?
Median Sold Price
$310,000
$210/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 $310,000 in April 2024, up 6.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.4K | $230K | +1.1% |
2 Bedrooms | $210K | $255K | +21.4% |
3 Bedrooms | $278.5K | $305K | +9.5% |
4 Bedrooms | $390K | $391.1K | 0.3% |
5+ Bedrooms | $935K | $485.5K | -48.1% |
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 1.1%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 48.1%.
Median Sold Price Compared To Nearby Counties
Essex County | $254.9K | $290K | +13.7% |
Westmoreland County | $290K | $310K | +6.9% |
King George County | $418.9K | $439.9K | +5.0% |
Saint Mary's County | $385K | $399.1K | +3.7% |
Housing Supply in Westmoreland County, VA
How many homes are available in Westmoreland County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
204 | 234 | +14.7% |
Summary: The Westmoreland County real estate market had 234 homes for sale in April 2024, a 14.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 31 | 33 | +6.5% |
3 Bedrooms | 123 | 151 | +22.8% |
4 Bedrooms | 37 | 36 | -2.7% |
5+ Bedrooms | 11 | 11 | 0.0% |
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 50%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 22.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 30 | +30.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Westmoreland County in April 2024, up by 30.4% month-over-month. Of the 30 sold homes, 37% were sold under asking, 40% were sold at asking, and 23% were sold over asking.
Days on Market for Westmoreland County, VA
How long does it take to sell a home in Westmoreland County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 47 Days | +16.2% |
Summary: Homes in Westmoreland County had an average of 47 days on market in Apr 2024, up by 16.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Westmoreland County; 60% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.