$5,106 Closing Credit*
$430,000
1,534 SqFt
2 Beds
•2 Full Baths
#73308263, Lana Kopsala, Listing Office: Coldwell Banker Realty - Leominster
Is Westminster, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$496,350
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$38,650(-7.2%)
Key Takeaway
Homes in Westminster have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Westminster was $496,350 in September 2024, down 7.2% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $315K | -10.0% |
| 2 Bedrooms | $373K | $432.5K | +16.0% |
| 3 Bedrooms | $532.5K | $476.3K | -10.5% |
| 4 Bedrooms | $635K | $595.9K | -6.1% |
| 5+ Bedrooms | $522.5K | $619.7K | +18.6% |
Summary: Westminster housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Princeton | $544K | $625K | +14.9% |
| Gardner | $322K | $370K | +14.9% |
| Fitchburg | $360K | $400K | +11.1% |
| Leominster | $400K | $440K | +10.0% |
| Westminster | $535K | $496.3K | -7.2% |
Housing Supply in Westminster, MA
How many homes are available in Westminster, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 34 | -10.5% |
Summary: The Westminster real estate market had 34 homes for sale in September 2024, a 10.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Westminster housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westminster, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Westminster in September 2024, down by 53.8% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 56 Days | 21 Days | -61.2% |
Summary: Homes in Westminster had an average of 21 days on market in Sep 2024, down by 61.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westminster are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 6 homes were sold in Westminster; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
