Is Westminster, FL 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, Westminster was a Seller's Market.
Housing Prices in Westminster, FL
How much do homes in Westminster, FL cost?
Median Sold Price
$450,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Westminster was $450,000 in May 2024, up 16.9% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $325K | $329.9K | +1.5% |
3 Bedrooms | $305K | $345K | +13.1% |
4 Bedrooms | $386.2K | $432K | +11.8% |
5+ Bedrooms | $413K | $530K | +28.3% |
Summary: Westminster 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 1.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Neighborhoods
Westminster | $385K | $450K | +16.9% |
Sunshine | $341.2K | $356K | +4.3% |
Centennial | $356K | $350K | -1.7% |
Olympia / Sherwood | $367K | $285.5K | -22.2% |
Housing Supply in Westminster, FL
How many homes are available in Westminster, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
91 | 92 | +1.1% |
Summary: The Westminster real estate market had 92 homes for sale in May 2024, a 1.1% 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 | 13 | 12 | -7.7% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 16 | 14 | -12.5% |
5+ Bedrooms | 44 | 47 | +6.8% |
Summary: The Westminster 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 decreased by 7.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Westminster in May 2024, down by 17.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Westminster, FL
How long does it take to sell a home in Westminster, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 49 Days | +1.2% |
Summary: Homes in Westminster had an average of 49 days on market in May 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Westminster; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.