Is Westminster, MD a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Westminster is a seller's market


Difference Since November 2022

At the same time last year, Westminster was a Buyer'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



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Westminster have sold for 30.2% more than they did a year ago.

Summary: The median home sold price in Westminster was $423,000 in November 2023, up 30.2% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $220K$153.7K
2 $210K$280K
3 $295K$349.5K
4 $549.2K$505K
5+ $557K$720K

Summary: Westminster housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 30.1%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 29.3%.

Housing Supply in Westminster, MD

How many homes are available in Westminster, MD?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Westminster real estate market had 185 homes for sale in November 2023, a 3.1% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
2 59
3 7364
4 7671
5+ 3741

Summary: The Westminster housing inventory by bedroom type for November 2023 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 12.3%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 10.8%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westminster, you may be able to get a good deal. 41% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Westminster in November 2023, down by 15.2% month-over-month. Of the 39 sold homes, 41% were sold under asking, 23% were sold at asking, and 36% 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 2022Nov 2023CHANGE
13 Days17 Days+34.6%

Summary: Homes in Westminster had an average of 17 days on market in Nov 2023, up by 34.6% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 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.

Summary: During November 2023, 39 homes were sold in Westminster; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

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

Report Updated 6 Days Ago

Newest Listings in Westminster, MD

Nearby Markets to Westminster, MD