Is Westminster, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Westminster was a Seller's Market.
Housing Prices in Westminster, SC
How much do homes in Westminster, SC cost?
Median Sold Price
$265,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westminster was $265,000 in April 2024, up 23.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $90K | N/A |
2 Bedrooms | $162K | $194K | +19.8% |
3 Bedrooms | $216.7K | $255K | +17.6% |
4 Bedrooms | $336K | $405K | +20.5% |
5+ Bedrooms | $365K | $514.8K | +41.1% |
Summary: Westminster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 41.1%.
Housing Supply in Westminster, SC
How many homes are available in Westminster, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
96 | 113 | +17.7% |
Summary: The Westminster real estate market had 113 homes for sale in April 2024, a 17.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 52 | 65 | +25.0% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Westminster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Westminster in April 2024, up by 28.6% month-over-month. Of the 18 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Westminster, SC
How long does it take to sell a home in Westminster, SC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
99 Days | 63 Days | -36.8% |
Summary: Homes in Westminster had an average of 63 days on market in Apr 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Westminster; 11% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.