Westmoreland Real Estate Market

Westmoreland Market

The median sale price for homes in Westmoreland over the last 12 months is $103,598.


The median mortgage debt is $90,077.

Additional Statistics for Single Family Homes and Condos in Westmoreland, TN
$135,900
Median Listing Price
56
Median Days on Market
54
Active Listings
3.7%
Distressed Listings
(foreclosures and short sales)
Westmoreland, TN Price Trends - Sold vs. Listed
The median list price in May for single family homes in Westmoreland is $135,900. The list prices dropped by -1.8% from the previous month.

The price per square foot for listings in this area is $77.

The median sale price in January for single family homes is $83,500. The sale prices increased by 12.38% from the previous month.

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Westmoreland, TN Market Inventory Trends

The number of active listings in Westmoreland increased by 17.4% from the previous month.

The median number of days active properties have been listed is 56. This is significantly shorter than the national average.

The number of sales in January dropped by 90% from the previous month.

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Westmoreland, TN Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.