Home Values

Westminster Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$220,800

  • 2.4% 1-year change
  • 1.6% 1-year forecast

The median home value in Westminster is $220,800. Westminster home values have gone up 2.4% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Westminster is $162, which is higher than the Worcester Metro average of $151. The median price of homes currently listed in Westminster is $299,900 while the median price of homes that sold is $224,500. The median rent price in Westminster is $1,300, which is higher than the Worcester Metro median of $1,101.

Foreclosures will be a factor impacting home values in the next several years. In Westminster 30.5 homes are foreclosed (per 10,000). This is greater than the Worcester Metro value of 5.5 and also greater than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Westminster is 6.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Westminster homeowners underwater on their mortgage is 19.0%, which is lower than Worcester Metro at 19.1%.

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Relative ZHVI
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Westminster Market Overview

Data through Oct 31, 2014
  • $220,800 ZHVI
  • 1.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $299,900 Median listing price
  • No recent data Median sale price
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Westminster Market Health

Data through Oct 31, 2014
  • 3.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 19.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

30.5 homes(Sep 30, 2014) Westminster
5.5 homes Worcester Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Princeton $318,000
Sterling $285,800
Ashby $227,400
Name Median ZHVI
Hubbardston $224,900
Ashburnham $206,500
Leominster $198,800
Name Median ZHVI
Templeton $198,800
Fitchburg $155,700
Gardner $153,900

Listings & Sales

Data through Oct 31, 2014
  • $162 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 38.1% Listings with price cut
21.4%
Sold below listing
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Westminster Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,383 Westminster
    $1,467 Worcester Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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