$10,000 Closing Credit*
$2,199,000
3,431 SqFt
4 Beds
•3 Full Baths, 1 Partial
#73313015, Kim Covino & Co. Team, Listing Office: Compass
Is Winchester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Winchester has remained a Seller's Market.
Key Takeaway
Winchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Winchester, MA
How much do homes in Winchester, MA cost?
Median Sold Price
$1,423,000
$518/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$98,000(+7.4%)
Key Takeaway
Homes in Winchester have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Winchester was $1,423,000 in November 2024, up 7.4% from last year, and the median price per square foot was $518.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $361.2K | +1.8% |
| 2 Bedrooms | $760K | $757K | -0.4% |
| 3 Bedrooms | $1.0M | $1.2M | +12.8% |
| 4 Bedrooms | $1.4M | $1.4M | -2.8% |
| 5+ Bedrooms | $1.9M | $2.1M | +10.7% |
Summary: Winchester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in Winchester, MA
How many homes are available in Winchester, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 64 | -28.9% |
Summary: The Winchester real estate market had 64 homes for sale in November 2024, a 28.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 14 | 10 | -28.6% |
| 3 Bedrooms | 16 | 11 | -31.3% |
| 4 Bedrooms | 26 | 16 | -38.5% |
| 5+ Bedrooms | 31 | 23 | -25.8% |
Summary: The Winchester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 25.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winchester, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Winchester in November 2024, down by 19.2% month-over-month. Of the 21 sold homes, 33% were sold under asking, 10% were sold at asking, and 57% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 23 Days | -37.8% |
Summary: Homes in Winchester had an average of 23 days on market in Nov 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Winchester are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Winchester; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
