Is Westminster, SC 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, SC
How much do homes in Westminster, SC cost?
Median Sold Price
$263,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Westminster was $263,500 in May 2024, down 1.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $248.5K | $70K | -71.8% |
2 Bedrooms | $162K | $190K | +17.3% |
3 Bedrooms | $262.4K | $255K | -2.8% |
4 Bedrooms | $370K | $512.5K | +38.5% |
5+ Bedrooms | $391.4K | $572.5K | +46.3% |
Summary: Westminster housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.8%, 2 bedroom homes increased by 17.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 46.3%.
Housing Supply in Westminster, SC
How many homes are available in Westminster, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 129 | +18.3% |
Summary: The Westminster real estate market had 129 homes for sale in May 2024, a 18.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 21 | 28 | +33.3% |
3 Bedrooms | 60 | 69 | +15.0% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Westminster housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Westminster in May 2024, down by 16.7% month-over-month. Of the 15 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for Westminster, SC
How long does it take to sell a home in Westminster, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
114 Days | 83 Days | -27.1% |
Summary: Homes in Westminster had an average of 83 days on market in May 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Westminster; 13% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.