Home Values

Westmoreland County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$116,300

  • 4.5% 1-year change
  • 2.4% 1-year forecast

The median home value in Westmoreland County is $116,300. Westmoreland County home values have gone up 4.5% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Westmoreland County is $101, which is lower than the Pittsburgh Metro average of $102. The median price of homes currently listed in Westmoreland County is $129,900 while the median price of homes that sold is $106,500. The median rent price in Westmoreland County is $700, which is lower than the Pittsburgh Metro median of $985.

Foreclosures will be a factor impacting home values in the next several years. In Westmoreland County 3.7 homes are foreclosed (per 10,000). This is greater than the Pittsburgh Metro value of 2.6 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Westmoreland County is 4.3%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Westmoreland County homeowners underwater on their mortgage is 15.4%, which is higher than Pittsburgh Metro at 12.1%.

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Relative ZHVI
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Westmoreland County Market Overview

Data through Feb 28, 2015
  • $116,300 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $129,900 Median listing price
  • $106,500 Median sale price
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Westmoreland County Market Health

Data through Feb 28, 2015
  • 5.6/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 15.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.7 homes Westmoreland County
2.6 homes Pittsburgh Metro
3.9 homes United States
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Cities in Westmoreland County

Name Median ZHVI
Unity Township $136,700
Lawson Heights $127,400
Salem Township $124,200
Name Median ZHVI
Greensburg $98,800
Mcchesneytown-Loyalhanna $91,600
Calumet-Norvelt $90,500
Name Median ZHVI
Latrobe $88,300
Southwest Greensburg $83,400
South Greensburg $82,000

Listings & Sales

Data through Feb 28, 2015
  • $101 Median list price / sq ft
  • $107 Median sale price / sq ft
  • 9.3% Listings with price cut
16.0%
Sold below listing
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Westmoreland County Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,137 Pittsburgh Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $700 Rent list price
  • $0.69 Rent list price / sq ft
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