Is Westminster, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Westminster has remained a Seller's Market.
Housing Prices in Westminster, CA
How much do homes in Westminster, CA cost?
Median Sold Price
$1,000,000
$604/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westminster was $1,000,000 in April 2024, up 11.1% from last year, and the median price per square foot was $604.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $659.9K | $683K | +3.5% |
3 Bedrooms | $860K | $905.2K | +5.3% |
4 Bedrooms | $990K | $1.1M | +11.1% |
5+ Bedrooms | $1.1M | $1.2M | +9.1% |
Summary: Westminster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Midway City | $855K | $975K | +14.0% |
Westminster | $900K | $1.0M | +11.1% |
North Coast | $1.0M | $1.1M | +10.0% |
Huntington Beach | $1.1M | $1.2M | +8.3% |
Garden Grove | $811.3K | $869K | +7.1% |
Housing Supply in Westminster, CA
How many homes are available in Westminster, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 71 | +1.4% |
Summary: The Westminster real estate market had 71 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 29 | 28 | -3.4% |
4 Bedrooms | 26 | 26 | 0.0% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Westminster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Westminster in April 2024, down by 8.3% month-over-month. Of the 22 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Westminster, CA
How long does it take to sell a home in Westminster, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 13 Days | -36.2% |
Summary: Homes in Westminster had an average of 13 days on market in Apr 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Westminster; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.