Is Westminster, SC 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, SC
How much do homes in Westminster, SC cost?
Median Sold Price
$266,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Westminster was $266,500 in March 2024, up 33.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $90K | N/A |
2 Bedrooms | $162.5K | $194K | +19.4% |
3 Bedrooms | $212.5K | $255K | +20.0% |
4 Bedrooms | $261K | $450K | +72.4% |
5+ Bedrooms | $355K | $391.4K | +10.3% |
Summary: Westminster housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 72.4%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in Westminster, SC
How many homes are available in Westminster, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 99 | +19.3% |
Summary: The Westminster real estate market had 99 homes for sale in March 2024, a 19.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 40 | 51 | +27.5% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 2 | 6 | +200.0% |
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 increased by 5.3%, 3 bedroom homes increased by 27.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Westminster in March 2024, up by 7.7% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for Westminster, SC
How long does it take to sell a home in Westminster, SC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
124 Days | 76 Days | -38.5% |
Summary: Homes in Westminster had an average of 76 days on market in Mar 2024, down by 38.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Westminster; 21% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.