$4,749 Closing Credit*
$399,900
1,241 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73312438, Kathleen Grudgen, Listing Office: Berkshire Hathaway HomeServices Realty Professionals
Is Wilbraham, 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, Wilbraham has remained a Seller's Market.
Key Takeaway
Wilbraham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilbraham, MA
How much do homes in Wilbraham, MA cost?
Median Sold Price
$445,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,500(+10.6%)
Key Takeaway
Homes in Wilbraham have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Wilbraham was $445,000 in October 2024, up 10.6% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $379K | +57.9% |
| 2 Bedrooms | $330.2K | $415K | +25.7% |
| 3 Bedrooms | $350K | $397.5K | +13.6% |
| 4 Bedrooms | $490K | $485K | -1.0% |
| 5+ Bedrooms | $650K | $585K | -10.0% |
Summary: Wilbraham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.9%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 10%.
Housing Supply in Wilbraham, MA
How many homes are available in Wilbraham, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 61 | -15.3% |
Summary: The Wilbraham real estate market had 61 homes for sale in October 2024, a 15.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 23 | 15 | -34.8% |
| 4 Bedrooms | 31 | 29 | -6.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Wilbraham housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 34.8%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilbraham, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Wilbraham in October 2024, down by 16.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market for Wilbraham, MA
How long does it take to sell a home in Wilbraham, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 29 Days | +6.1% |
Summary: Homes in Wilbraham had an average of 29 days on market in Oct 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wilbraham are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Wilbraham; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
