Is Westminster, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Westminster was a Seller's Market.
Housing Prices in Westminster, MA
How much do homes in Westminster, MA cost?
Median Sold Price
$530,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Westminster was $530,000 in March 2024, up 10% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $311K | +13.1% |
2 Bedrooms | $267.5K | $380K | +42.1% |
3 Bedrooms | $450K | $526.5K | +17.0% |
4 Bedrooms | $677.4K | $595K | -12.2% |
5+ Bedrooms | $555K | $523K | -5.8% |
Summary: Westminster housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
Princeton | $500K | $647.4K | +29.5% |
Fitchburg | $349.4K | $388.4K | +11.2% |
Gardner | $313K | $345.3K | +10.3% |
Westminster | $482K | $530K | +10.0% |
Leominster | $392.6K | $416.6K | +6.1% |
Housing Supply in Westminster, MA
How many homes are available in Westminster, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 15 | -28.6% |
Summary: The Westminster real estate market had 15 homes for sale in March 2024, a 28.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 8 | 5 | -37.5% |
4 Bedrooms | 9 | 6 | -33.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Westminster housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 2 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Westminster in March 2024, down by 80.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 25 Days | +34.4% |
Summary: Homes in Westminster had an average of 25 days on market in Mar 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Westminster; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.