Is Westminster, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Westminster was a Seller's Market.
Key Takeaway
Westminster is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Westminster, FL
How much do homes in Westminster, FL cost?
Median Sold Price
$449,999
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westminster have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Westminster was $449,999 in April 2024, up 16.9% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $350K | +11.1% |
| 3 Bedrooms | $305K | $344K | +12.8% |
| 4 Bedrooms | $387.5K | $431K | +11.2% |
| 5+ Bedrooms | $410K | $528.5K | +28.9% |
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 11.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 28.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Westminster | $385K | $449.9K | +16.9% |
| Sunshine | $340K | $355K | +4.4% |
| Centennial | $355K | $355K | 0.0% |
| Olympia / Sherwood | $367.2K | $286K | -22.1% |
Housing Supply in Westminster, FL
How many homes are available in Westminster, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 85 | 81 | -4.7% |
Summary: The Westminster real estate market had 81 homes for sale in April 2024, a 4.7% decrease 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 | 10 | 12 | +20.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 48 | 37 | -22.9% |
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 20%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 22.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 13 | -43.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westminster, expect to pay close to the asking price. 53.8% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Westminster in April 2024, down by 43.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 54% were sold at asking, and 0% were sold over asking.
Days on Market for Westminster, FL
How long does it take to sell a home in Westminster, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 47 Days | +28.4% |
Summary: Homes in Westminster had an average of 47 days on market in Apr 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westminster are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Westminster; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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