$399,000
0.70 Acres
Land
Sunshine Sara Equinozzi, Listing Office: Howard Hanna Real Estate
Is Westmoreland, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$249,950
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,950(+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 $249,950 in October 2024, up 11.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $117K | N/A |
| 2 Bedrooms | $143K | $220.6K | +54.3% |
| 3 Bedrooms | $200K | $256K | +28.0% |
| 4 Bedrooms | $280K | $200K | -28.6% |
| 5+ Bedrooms | $225K | $255K | +13.3% |
Summary: Westmoreland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.3%, 3 bedroom homes increased by 28%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Kirkland | $289.9K | $346.5K | +19.5% |
| Westmoreland | $225K | $249.9K | +11.1% |
| Whitestown | $196K | $210K | +7.1% |
Housing Supply in Westmoreland, NY
How many homes are available in Westmoreland, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Summary: The Westmoreland real estate market had 11 homes for sale in October 2024, a 35.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 4 | -55.6% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Westmoreland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 55.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westmoreland, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Westmoreland in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 38 Days | +23.0% |
Summary: Homes in Westmoreland had an average of 38 days on market in Oct 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Westmoreland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Westmoreland; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
