New - 10 hours on Rocket
#118220, Betsy G. Sisson, Listing Office: Historyland Realty LLC
Westmoreland County Housing Market Report December 2024•Westmoreland County, Virginia
Housing Prices in Westmoreland County, VA
How much do homes in Westmoreland County, VA cost?
Housing Market Conditions
Is Westmoreland County, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Westmoreland County is a Buyer's Market
Difference Since December 2023
At the same time last year, Westmoreland County was a Seller's Market.
Insight
Westmoreland County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$328,333$227/SqFt
+$28,433
+9.5%
Based on all homes sold in the last 12 months
Insight
Homes in Westmoreland County have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Westmoreland County was $328,333 in December 2024, up 9.5% from last year, and the median price per square foot was $227.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Richmond County | $259.9K | $290K | +11.5% |
| Essex County | $276.8K | $308K | +11.3% |
| Westmoreland County | $299.9K | $328.3K | +9.5% |
| King George County | $439.1K | $459.9K | +4.7% |
| Saint Mary's County | $394.4K | $412.3K | +4.5% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $230K | $237.5K | +3.3% |
| 22 Bedrooms | $255K | $299K | +17.3% |
| 33 Bedrooms | $299K | $320K | +7.0% |
| 44 Bedrooms | $390K | $404.5K | +3.7% |
| 55+ Bedrooms | $457.5K | $739K | +61.5% |
Summary: Westmoreland County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +3.3%. The home price for 2 bedroom homes increased by +17.3%. The home price for 3 bedroom homes increased by +7.0%. The home price for 4 bedroom homes increased by +3.7%. The home price for 5 bedroom homes increased by +61.5%.
Housing supply in Westmoreland County, VA
How many homes are available in Westmoreland County, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 171Last MonthDec 2024 | ||
| 1722 months agoNov 2024 | -0.6 % Change MoMNov – Dec |
Summary: The Westmoreland County real estate market had 171 homes for sale in Dec 2024, a 0.6 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 24Last MonthDec 2024 | ||
| 282 months agoNov 2024 | -14.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 9 | 15 | +66.7% |
| 33 Bedrooms | 133 | 128 | -3.8% |
| 44 Bedrooms | 23 | 22 | -4.3% |
| 55+ Bedrooms | 6 | 5 | -16.7% |
Summary: Westmoreland County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +66.7%. The inventory for 3 bedroom homes decreased by -3.8%. The inventory for 4 bedroom homes decreased by -4.3%. The inventory for 5 bedroom homes decreased by -16.7%.
Asking Price vs. Sold Price
How much do homes in Westmoreland County, VA cost?
Over Asking Price7 Homes
At Asking Price4 Homes
Under Asking Price13 Homes
Insight
If you're buying a home in Westmoreland County, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Westmoreland County in December 2024, down by 14.3% month-over-month. Of the 24 sold homes, 54% were sold under asking, 17% were sold at asking, and and 29% were sold over asking.
Days on Market for Westmoreland County, VA
How long does it take to sell a home in Westmoreland County, VA?
Breakdown of Home Sale Times
Under 30 Days10 Homes
30 – 90 Days10 Homes
Over 90 Days4 Homes
Insight
Many homes in Westmoreland County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 24 homes were sold in Westmoreland County; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 54 DaysThis YearDec 2024 | ||
| 22 Days1 year agoDec 2023 | +143.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Westmoreland County had an average listing age of 54 days in Dec 2024, up by 143.6% compared to the previous year.
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Newest Listings in Westmoreland County, VA
What homes are available in Westmoreland County, VA?
New - 14 hours on RocketVideo tour
$9,441 Closing Credit¹
Robert B. Bragg IV, Listing Office: Bragg & Company
New - 15 hours on Rocket
$9,441 Closing Credit¹
#118219, Mary Burgess, Listing Office: Bragg & Company
New - 1 day on Rocket
#118216, Tina Keene, Listing Office: BHHS Penfed Realty
New - 3 days on Rocket
$4,928 Closing Credit¹
Jessica L Anthony, Listing Office: Coldwell Banker Elite
New - 3 days on Rocket
Tina M Keene, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
New - 4 days on Rocket
$3,741 Closing Credit¹
Ioan Denes, Listing Office: CENTURY 21 New Millennium
New - 4 days on Rocket
$3,799 Closing Credit¹
Ioan Denes, Listing Office: CENTURY 21 New Millennium
New - 6 days on Rocket
$7,243 Closing Credit¹
Joseph S Cleveland, Listing Office: RE/MAX Supercenter
Backup offers
Mason Bryant Walter, Listing Office: KW Realty Lakeside
$4,333 Closing Credit¹
#117795, Danny Joe Mundy, III, Outside R.e. Agent last name, Listing Office: Re/Max Supercenter
Backup offers
#118164, Betsy G. Sisson, Listing Office: Historyland Realty LLC
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MLS Disclaimers and Copyright
Based on information from BrightMLS, Northern Neck Association of Realtors MLS, Central Virginia Regional MLS, Real Estate Information Network, and Lynchburg MLS for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Last updated on: 1/17/2025, 11:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 11:16:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 11:16:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 11:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.