$3,443 Closing Credit*
$289,900
1,564 SqFt
2 Beds
•2 Full Baths
Gene Carman, III, Listing Office: Gene Carman Real Estate & Auctions
Is Westmoreland, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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, TN
How much do homes in Westmoreland, TN cost?
Median Sold Price
$309,900
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,400(+3.8%)
Key Takeaway
Homes in Westmoreland have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Westmoreland was $309,900 in November 2024, up 3.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $208.5K | +30.3% |
| 3 Bedrooms | $302.4K | $314.9K | +4.2% |
| 4 Bedrooms | $332K | $277.5K | -16.4% |
| 5+ Bedrooms | $170K | $339.9K | +99.9% |
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 30.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 99.9%.
Housing Supply in Westmoreland, TN
How many homes are available in Westmoreland, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The Westmoreland real estate market had 33 homes for sale in November 2024, a 10.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 28 | 23 | -17.9% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
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 increased by 20%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westmoreland, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Westmoreland in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Westmoreland, TN
How long does it take to sell a home in Westmoreland, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 42 Days | -1.6% |
Summary: Homes in Westmoreland had an average of 42 days on market in Nov 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 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 November 2024, 9 homes were sold in Westmoreland; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.