$6,401 Closing Credit*
$539,000
1,737 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73286876, James Shadd, Listing Office: RE/MAX Vision
Is Westminster, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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, MA
How much do homes in Westminster, MA cost?
Median Sold Price
$507,500
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$21,450(-4.1%)
Key Takeaway
Homes in Westminster have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Westminster was $507,500 in August 2024, down 4.1% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $315K | -10.0% |
| 2 Bedrooms | $373K | $440K | +18.0% |
| 3 Bedrooms | $521.8K | $492.7K | -5.6% |
| 4 Bedrooms | $605K | $610K | +0.8% |
| 5+ Bedrooms | $535K | $600K | +12.1% |
Summary: Westminster housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 18%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
| Gardner | $318.6K | $374K | +17.4% |
| Princeton | $541K | $625K | +15.5% |
| Leominster | $391.5K | $437.8K | +11.8% |
| Fitchburg | $360K | $393.9K | +9.4% |
| Westminster | $528.9K | $507.5K | -4.1% |
Housing Supply in Westminster, MA
How many homes are available in Westminster, MA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The Westminster real estate market had 35 homes for sale in August 2024, a 6.1% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Westminster housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westminster, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Westminster in August 2024, up by 100.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Westminster, MA
How long does it take to sell a home in Westminster, MA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 22 Days | 22 Days | -1.1% |
Summary: Homes in Westminster had an average of 22 days on market in Aug 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Westminster are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 12 homes were sold in Westminster; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
