$1,989 Closing Credit*
$167,500
1,440 SqFt
3 Beds
•1 Full Bath
Marc Alexander Miller, Listing Office: VYBE Realty
Is Westminster, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, MD
How much do homes in Westminster, MD cost?
Median Sold Price
$425,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,437(+1.1%)
Key Takeaway
Homes in Westminster have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Westminster was $425,000 in November 2024, up 1.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153.7K | $104.6K | -31.9% |
| 2 Bedrooms | $280K | $285K | +1.8% |
| 3 Bedrooms | $349K | $369.9K | +6.0% |
| 4 Bedrooms | $505K | $525K | +4.0% |
| 5+ Bedrooms | $722.5K | $712.5K | -1.4% |
Summary: Westminster housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.9%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in Westminster, MD
How many homes are available in Westminster, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 166 | 145 | -12.7% |
Summary: The Westminster real estate market had 145 homes for sale in November 2024, a 12.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 16 | 10 | -37.5% |
| 3 Bedrooms | 80 | 72 | -10.0% |
| 4 Bedrooms | 53 | 44 | -17.0% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Westminster housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 52 | 0.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westminster, you could pay more than the asking price. 36.5% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in Westminster in November 2024, the same as the previous month. Of the 52 sold homes, 35% were sold under asking, 29% were sold at asking, and 37% were sold over asking.
Days on Market for Westminster, MD
How long does it take to sell a home in Westminster, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 19 Days | +16.6% |
Summary: Homes in Westminster had an average of 19 days on market in Nov 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
11 Homes Were 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 November 2024, 52 homes were sold in Westminster; 77% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
