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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westminster is a neutral'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, SC

How much do homes in Westminster, SC cost?

Median Sold Price

$265,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$50,000(+23.3%)

Key Takeaway

Homes in Westminster have sold for 23.3% more than they did a year ago.

Summary: The median home sold price in Westminster was $265,000 in April 2024, up 23.3% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$90K
N/A
2 $162K$194K
+19.8%
3 $216.7K$255K
+17.6%
4 $336K$405K
+20.5%
5+ $365K$514.8K
+41.1%

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 19.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 41.1%.

Housing Supply in Westminster, SC

How many homes are available in Westminster, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
96113+17.7%

Summary: The Westminster real estate market had 113 homes for sale in April 2024, a 17.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 1921
+10.5%
3 5265
+25.0%
4 1918
-5.3%
5+ 48
+100.0%

Summary: The Westminster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1418+28.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 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. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Westminster in April 2024, up by 28.6% month-over-month. Of the 18 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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

Apr 2023Apr 2024CHANGE
99 Days63 Days-36.8%

Summary: Homes in Westminster had an average of 63 days on market in Apr 2024, down by 36.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Westminster has remained consistent over time.

Summary: During April 2024, 18 homes were sold in Westminster; 11% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% 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 17 Days Ago

Newest Listings in Westminster, SC

Nearby Markets to Westminster, SC