Is Westmoreland County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westmoreland County is a seller's market

Buyer's
Market

Difference Since November 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

$209,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,000(+7.2%)

Key Takeaway

Homes in Westmoreland County have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Westmoreland County was $209,000 in November 2024, up 7.2% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85K$106K
+24.7%
2 $130.3K$145K
+11.2%
3 $195.1K$200.2K
+2.6%
4 $305K$349.9K
+14.8%
5+ $400K$390K
-2.5%

Summary: Westmoreland County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.7%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Counties

Westmoreland County
+7.2%
Allegheny County
+5.5%
Indiana County
+5.2%
Fayette County
+2.2%
Somerset County
-0.6%

Housing Supply in Westmoreland County, PA

How many homes are available in Westmoreland County, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,3091,290-1.5%

Summary: The Westmoreland County real estate market had 1,290 homes for sale in November 2024, a 1.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1715
-11.8%
2 219211
-3.7%
3 695693
-0.3%
4 308304
-1.3%
5+ 7067
-4.3%

Summary: The Westmoreland County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
257233-9.3%

Asking Price vs. Sold Price

133 Homes Were Sold
Under Asking

54 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westmoreland County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 233 homes were sold or pending in Westmoreland County in November 2024, down by 9.3% month-over-month. Of the 233 sold homes, 57% were sold under asking, 23% were sold at asking, and 20% 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

Nov 2023Nov 2024CHANGE
35 Days44 Days+23.9%

Summary: Homes in Westmoreland County had an average of 44 days on market in Nov 2024, up by 23.9% compared to last year.

Breakdown of Home Sale Times

116 Homes Were Sold
Under 30 Days

83 Homes Were Sold
In 30 - 90 Days

34 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 233 homes were sold in Westmoreland County; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 15% 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 County, PA

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