$10,000 Closing Credit*
$999,900
1,350 SqFt
3 Beds
•1 Full Bath, 1 Partial
Lance Barker, Listing Office: RE/MAX Select One
Is Westminster, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
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.
Housing Prices in Westminster, CA
How much do homes in Westminster, CA cost?
Median Sold Price
$1,053,333
$639/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$112,333(+11.9%)
Key Takeaway
Homes in Westminster have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Westminster was $1,053,333 in November 2024, up 11.9% from last year, and the median price per square foot was $639.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $677.5K | $780K | +15.1% |
| 3 Bedrooms | $880K | $977.5K | +11.1% |
| 4 Bedrooms | $1.0M | $1.1M | +12.2% |
| 5+ Bedrooms | $1.1M | $1.3M | +10.6% |
Summary: Westminster housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Westminster | $941K | $1.0M | +11.9% |
| Garden Grove | $835K | $925.6K | +10.9% |
| North Coast | $1.0M | $1.1M | +8.4% |
| Huntington Beach | $1.1M | $1.2M | +7.4% |
Housing Supply in Westminster, CA
How many homes are available in Westminster, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 64 | -22.9% |
Summary: The Westminster real estate market had 64 homes for sale in November 2024, a 22.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 3 | -62.5% |
| 3 Bedrooms | 33 | 34 | +3.0% |
| 4 Bedrooms | 30 | 19 | -36.7% |
| 5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The Westminster housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 62.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 36.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 20 | -39.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westminster, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Westminster in November 2024, down by 39.4% month-over-month. Of the 20 sold homes, 45% were sold under asking, 5% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 26 Days | +67.8% |
Summary: Homes in Westminster had an average of 26 days on market in Nov 2024, up by 67.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 20 homes were sold in Westminster; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.