$150,000
2.93 Acres
Land
Mark A Hurley, Listing Office: Long & Foster Real Estate, Inc.
Is Westminster, MD 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, MD
How much do homes in Westminster, MD cost?
Median Sold Price
$425,125
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,625(+1.1%)
Key Takeaway
Homes in Westminster have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Westminster was $425,125 in October 2024, up 1.1% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153.7K | $104.6K | -31.9% |
| 2 Bedrooms | $278K | $288.4K | +3.8% |
| 3 Bedrooms | $360K | $355K | -1.4% |
| 4 Bedrooms | $505K | $525K | +4.0% |
| 5+ Bedrooms | $715K | $735K | +2.8% |
Summary: Westminster housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.9%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in Westminster, MD
How many homes are available in Westminster, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 160 | 177 | +10.6% |
Summary: The Westminster real estate market had 177 homes for sale in October 2024, a 10.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 72 | 84 | +16.7% |
| 4 Bedrooms | 52 | 58 | +11.5% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
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 15%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 46 | -6.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westminster, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Westminster in October 2024, down by 6.1% month-over-month. Of the 46 sold homes, 24% were sold under asking, 28% were sold at asking, and 48% were sold over asking.
Days on Market for Westminster, MD
How long does it take to sell a home in Westminster, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 24 Days | +81.1% |
Summary: Homes in Westminster had an average of 24 days on market in Oct 2024, up by 81.1% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
11 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, 46 homes were sold in Westminster; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
