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 June 2023

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.

Housing Prices in Westminster, CA

How much do homes in Westminster, CA cost?

Median Sold Price

$1,031,666

$612/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$131,666(+14.6%)

Key Takeaway

Homes in Westminster have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in Westminster was $1,031,666 in June 2024, up 14.6% from last year, and the median price per square foot was $612.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $649.9K$705K
+8.5%
3 $850K$940K
+10.6%
4 $1.0M$1.1M
+12.0%
5+ $1.1M$1.2M
+7.6%

Summary: Westminster housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 7.6%.

Median Sold Price Compared To Nearby Cities

Westminster
+14.6%
Garden Grove
+11.1%
North Coast
+11.0%
Huntington Beach
+8.2%

Housing Supply in Westminster, CA

How many homes are available in Westminster, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
8276-7.3%

Summary: The Westminster real estate market had 76 homes for sale in June 2024, a 7.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 105
-50.0%
3 2935
+20.7%
4 3529
-17.1%
5+ 87
-12.5%

Summary: The Westminster housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
3325-24.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 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. 52% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Westminster in June 2024, down by 24.2% month-over-month. Of the 25 sold homes, 28% were sold under asking, 20% were sold at asking, and 52% were sold over asking.

Days on Market for Westminster, CA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
12 Days15 Days+23.9%

Summary: Homes in Westminster had an average of 15 days on market in Jun 2024, up by 23.9% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During June 2024, 25 homes were sold in Westminster; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Westminster, CA

Nearby Markets to Westminster, CA

What housing markets are near Westminster, CA?