$240,000
11.80 Acres
Land
#73321056, Brenda Albert, Listing Office: LAER Realty Partners
Is Westminster, MA 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, MA
How much do homes in Westminster, MA cost?
Median Sold Price
$485,850
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$74,150(-13.2%)
Key Takeaway
Homes in Westminster have sold for 13.2% less than they did a year ago.
Summary: The median home sold price in Westminster was $485,850 in November 2024, down 13.2% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $311K | -11.1% |
| 2 Bedrooms | $373K | $432.5K | +16.0% |
| 3 Bedrooms | $532.5K | $492.7K | -7.5% |
| 4 Bedrooms | $677.5K | $596K | -12.0% |
| 5+ Bedrooms | $510K | $619.7K | +21.5% |
Summary: Westminster housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
| Gardner | $330K | $389K | +17.9% |
| Fitchburg | $370K | $400K | +8.1% |
| Leominster | $407K | $436.6K | +7.3% |
| Princeton | $675K | $625K | -7.4% |
| Westminster | $560K | $485.8K | -13.2% |
Housing Supply in Westminster, MA
How many homes are available in Westminster, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Summary: The Westminster real estate market had 29 homes for sale in November 2024, a 12.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
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 6 homes were sold or pending in Westminster in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 30 Days | -44.2% |
Summary: Homes in Westminster had an average of 30 days on market in Nov 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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, 6 homes were sold in Westminster; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
