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 2021

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

$893,000

$543/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$133,000(+17.5%)

Key Takeaway

Homes in Westminster have sold for 17.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $300K-
N/A
2 $545K$630K
+15.6%
3 $716K$860K
+20.1%
4 $849.7K$976.5K
+14.9%
5+ $925K$1.1M
+23.8%

Median Sold Price Compared To Nearby Cities

Garden Grove
+19.0%
Huntington Beach
+18.6%
Westminster
+17.5%
Midway City
+16.1%
North Coast
+15.1%

How many homes are available in Westminster, CA?

Number of Homes For Sale

Apr 2022May 2022%
105110+4.8%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 11
0.0%
2 88
0.0%
3 4548
+6.7%
4 3638
+5.6%
5+ 1515
0.0%

Number of Homes Sold

Apr 2022May 2022%
30300.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

21 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. 70% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
8 Days10 Days+34.4%

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

1 Home Was 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.

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

About Westminster, CA

Homes for sale in Westminster, CA have reached 110. The number of listings in Westminster, CA increased by 4.8% between April 2022 and May 2022. The median list price of listings available in May 2022 was $893,000, while the average time on the real estate market was 10 days. Listing prices have changed in this real estate market between April 2022 and May 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 15.6%, 3 bedrooms properties became 20.1% more expensive, 4 bedrooms properties prices increased by 14.9%, the cost of 5 bedrooms properties went up by 23.8%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes increased by 6.7%, number of 4 bedrooms homes increased by 5.6%, the quantity of 5 bedrooms homes have not changed. Over 21 listings were sold over their listed price in May 2022 in Westminster, CA. In the same period over 6 listings were sold below the listed price and 3 listings were sold for the listed price.

Related Housing Market Reports