Is Westminster, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westminster is a seller's market

Buyer's
Market

Difference Since May 2022

Since last year, Westminster has remained a Seller's Market.

Key Takeaway

Westminster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Westminster, CA cost?

Median Sold Price

$895,500

$572/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$5,500(+0.6%)

Key Takeaway

Homes in Westminster have sold for 0.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
N/A
2 $627.5K$674.9K
+7.6%
3 $860K$860K
0.0%
4 $978K$982.5K
0.5%
5+ $1.1M$1.1M
+1.9%

Median Sold Price Compared To Nearby Cities

Huntington Beach
+5.5%
North Coast
+3.3%
Westminster
+0.6%
Garden Grove
-0.6%
Midway City
-3.1%

How many homes are available in Westminster, CA?

Number of Homes For Sale

Apr 2023May 2023%
7266-8.3%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 54
-20.0%
3 2731
+14.8%
4 3221
-34.4%
5+ 810
+25.0%

Number of Homes Sold

Apr 2023May 2023%
2423-4.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westminster, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.

How long does it take to sell a home in Westminster, CA?

How long does it take to sell a home in Westminster, CA?

Average Sale Time

May 2022May 2023%
10 Days19 Days+91.5%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westminster are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Westminster, CA?

About Westminster, CA

Homes for sale in Westminster, CA have reached 66. The number of listings in Westminster, CA decreased by 8.3% between April 2023 and May 2023. While the average time on the market in May 2023 was 19 days, the median list price was $895,500. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 7.6% more expensive, 3 bedrooms properties did not move, 4 bedrooms properties became 0.5% more expensive, 5 bedrooms properties prices increased by 1.9%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 20% less available, volume of 3 bedrooms homes went up by 14.8%, volume of 4 bedrooms homes went down by 34.4%, 5 bedrooms homes inventory increased by 25%. In May 2023, from all listings sold in Westminster, CA there were more than 13 sold above asking price, over 4 sold below and more than 6 were sold right at the asked price.