Is Westmoreland, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westmoreland is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Westmoreland, NY

How much do homes in Westmoreland, NY cost?

Median Sold Price

$249,900

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,900(+11.1%)

Key Takeaway

Homes in Westmoreland have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Westmoreland was $249,900 in November 2024, up 11.1% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $117K-
N/A
2 $160K$189K
+18.1%
3 $210K$260K
+23.8%
4 $274.2K$167K
-39.1%
5+ $260K$255K
-1.9%

Summary: Westmoreland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 39.1%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Kirkland
+13.6%
Westmoreland
+11.1%
Whitestown
+3.7%

Housing Supply in Westmoreland, NY

How many homes are available in Westmoreland, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1311-15.4%

Summary: The Westmoreland real estate market had 11 homes for sale in November 2024, a 15.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 54
-20.0%
4 34
+33.3%
5+ 32
-33.3%

Summary: The Westmoreland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 November 2024, down by 33.3% 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

Nov 2023Nov 2024CHANGE
47 Days5 Days-88.5%

Summary: Homes in Westmoreland had an average of 5 days on market in Nov 2024, down by 88.5% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 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.

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

Report Updated 20 Days Ago

Newest Listings in Westmoreland, NY

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