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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westminster is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Westminster, MD cost?

Median Sold Price

$290,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$41,500(+16.7%)

Key Takeaway

Homes in Westminster have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $175K$199K
+13.7%
3 $235K$265K
+12.8%
4 $447.5K$425K
-5.0%
5+ $470K$605K
+28.7%

How many homes are available in Westminster, MD?

Number of Homes For Sale

Jul 2022Aug 2022%
4364+48.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 01
+100.0%
2 59
+80.0%
3 2432
+33.3%
4 813
+62.5%
5+ 69
+50.0%

Number of Homes Sold

Jul 2022Aug 2022%
019+100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westminster, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
9 Days23 Days+158.4%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Westminster, MD

Westminster, MD has 64 homes on the market. The inventory of homes for sale in Westminster, MD between July 2022 and August 2022 increased by 48.8%. While the average time on the market in August 2022 was 23 days, the median list price was $290,000. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 13.7%, 3 bedrooms properties became 12.8% more expensive, 4 bedrooms properties prices decreased by 5%, the cost of 5 bedrooms properties went up by 28.7%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 100%, number of 2 bedrooms homes increased by 80%, 3 bedrooms homes inventory increased by 33.3%, 4 bedrooms homes inventory increased by 62.5%, volume of 5 bedrooms homes went up by 50%. In August 2022 more than 8 listings in Westminster, MD were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 6 were sold below.