$69,000
0.29 Acres
Land
Adelia Pimentel, Listing Office: Coldwell Banker Preferred Properties
Is Westminster, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Westminster was a Seller's Market.
Key Takeaway
Westminster is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 November 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 November 2024, up 8.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $351.5K | $297.5K | -15.4% |
| 3 Bedrooms | $310K | $335K | +8.1% |
| 4 Bedrooms | $425K | $434K | +2.1% |
| 5+ Bedrooms | $480K | $529K | +10.2% |
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 decreased by 15.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Westminster | $425K | $460K | +8.2% |
| Centennial | $355K | $356.1K | 0.3% |
| Sunshine | $355K | $355K | 0.0% |
Housing Supply in Westminster, FL
How many homes are available in Westminster, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 107 | +10.3% |
Summary: The Westminster real estate market had 107 homes for sale in November 2024, a 10.3% increase 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 | 9 | 10 | +11.1% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 56 | 63 | +12.5% |
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 increased by 11.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westminster, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Westminster in November 2024, down by 44.4% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 94 Days | +139.9% |
Summary: Homes in Westminster had an average of 94 days on market in Nov 2024, up by 139.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Westminster are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 10 homes were sold in Westminster; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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