Is Westmoreland, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Westmoreland was a Buyer'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
$235,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Westmoreland have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Westmoreland was $235,000 in May 2024, up 6.6% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $117K | N/A |
| 2 Bedrooms | $143K | $189K | +32.2% |
| 3 Bedrooms | $236.2K | $227.4K | -3.8% |
| 4 Bedrooms | $225K | $268.5K | +19.3% |
| 5+ Bedrooms | $180K | $385K | +113.9% |
Summary: Westmoreland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.2%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 113.9%.
Median Sold Price Compared To Nearby Cities
| Whitestown | $182.3K | $219K | +20.1% |
| Kirkland | $275K | $310K | +12.7% |
| Westmoreland | $220.5K | $235K | +6.6% |
Housing Supply in Westmoreland, NY
How many homes are available in Westmoreland, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Westmoreland real estate market had 18 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Westmoreland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were 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 6 homes were sold or pending in Westmoreland in May 2024, up by 200.0% month-over-month. Of the 6 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 42 Days | +471.1% |
Summary: Homes in Westmoreland had an average of 42 days on market in May 2024, up by 471.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 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 May 2024, 6 homes were sold in Westmoreland; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
