Is Winchester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Winchester has remained a Seller's Market.
Housing Prices in Winchester, MA
How much do homes in Winchester, MA cost?
Median Sold Price
$1,351,000
$508/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Winchester was $1,351,000 in April 2024, up 3.9% from last year, and the median price per square foot was $508.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $324K | $360K | +11.1% |
2 Bedrooms | $720K | $721.2K | 0.2% |
3 Bedrooms | $1.0M | $1.1M | +6.5% |
4 Bedrooms | $1.4M | $1.5M | +3.6% |
5+ Bedrooms | $2.1M | $2.0M | -2.4% |
Summary: Winchester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in Winchester, MA
How many homes are available in Winchester, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 86 | +21.1% |
Summary: The Winchester real estate market had 86 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 15 | 25 | +66.7% |
5+ Bedrooms | 31 | 28 | -9.7% |
Summary: The Winchester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 9.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 22 | +69.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Winchester in April 2024, up by 69.2% month-over-month. Of the 22 sold homes, 41% were sold under asking, 9% were sold at asking, and 50% were sold over asking.
Days on Market for Winchester, MA
How long does it take to sell a home in Winchester, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 22 Days | +5.8% |
Summary: Homes in Winchester had an average of 22 days on market in Apr 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Winchester; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.