$6,116 Closing Credit*
$515,000
4 Beds
•4 Full Baths
Bonnie Chase, Listing Office: Keller Williams Realty Fort Myers and the Islands
Is Westminster, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, FL
How much do homes in Westminster, FL cost?
Median Sold Price
$460,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+8.2%)
Key Takeaway
Homes in Westminster have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Westminster was $460,000 in October 2024, up 8.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $351.5K | $290K | -17.5% |
| 3 Bedrooms | $310K | $335K | +8.1% |
| 4 Bedrooms | $425K | $419.5K | -1.3% |
| 5+ Bedrooms | $470K | $530K | +12.8% |
Summary: Westminster housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Olympia / Sherwood | $282.5K | $332.5K | +17.7% |
| Westminster | $425K | $460K | +8.2% |
| Centennial | $355K | $355.5K | 0.2% |
| Sunshine | $355K | $354.9K | 0% |
Housing Supply in Westminster, FL
How many homes are available in Westminster, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 84 | -4.5% |
Summary: The Westminster real estate market had 84 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 53 | 48 | -9.4% |
Summary: The Westminster housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
9 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, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Westminster in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 30 Days | -18.8% |
Summary: Homes in Westminster had an average of 30 days on market in Oct 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 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 October 2024, 16 homes were sold in Westminster; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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