$8,491 Closing Credit*
$715,000
1,656 SqFt
2 Beds
•2 Full Baths
#73310996, Brittany Romero, Listing Office: Central Mass Real Estate
Is Westminster, MA 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, MA
How much do homes in Westminster, MA cost?
Median Sold Price
$502,500
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$47,000(-8.6%)
Key Takeaway
Homes in Westminster have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Westminster was $502,500 in October 2024, down 8.6% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $315K | -10.0% |
| 2 Bedrooms | $380K | $432.5K | +13.8% |
| 3 Bedrooms | $535K | $498.8K | -6.8% |
| 4 Bedrooms | $660K | $596K | -9.7% |
| 5+ Bedrooms | $522.5K | $619.7K | +18.6% |
Summary: Westminster housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Gardner | $330.7K | $376.8K | +13.9% |
| Fitchburg | $365K | $400K | +9.6% |
| Leominster | $403.7K | $437.5K | +8.4% |
| Princeton | $605K | $618K | +2.1% |
| Westminster | $549.5K | $502.5K | -8.6% |
Housing Supply in Westminster, MA
How many homes are available in Westminster, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Summary: The Westminster real estate market had 36 homes for sale in October 2024, a 24.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
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 increased by 20%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westminster, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Westminster in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Westminster, MA
How long does it take to sell a home in Westminster, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 33 Days | -1.5% |
Summary: Homes in Westminster had an average of 33 days on market in Oct 2024, down by 1.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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, 10 homes were sold in Westminster; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
