Is Winchester, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winchester is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Winchester was a Seller's Market.

Key Takeaway

Winchester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Winchester, NV

How much do homes in Winchester, NV cost?

Median Sold Price

$380,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,833(+10.4%)

Key Takeaway

Homes in Winchester have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Winchester was $380,000 in November 2024, up 10.4% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $197K$210K
+6.6%
2 $309.8K$335K
+8.1%
3 $371K$400K
+7.8%
4 $394.5K$440K
+11.5%
5+ $406.5K$400K
-1.6%

Summary: Winchester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 1.6%.

Median Sold Price Compared To Nearby Neighborhoods

Winchester
+10.4%
Paradise Palms
+7.2%
Francisco Park
+6.8%

Housing Supply in Winchester, NV

How many homes are available in Winchester, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
203235+15.8%

Summary: The Winchester real estate market had 235 homes for sale in November 2024, a 15.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3540
+14.3%
2 96115
+19.8%
3 4650
+8.7%
4 2122
+4.8%
5+ 58
+60.0%

Summary: The Winchester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3429-14.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winchester, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Winchester in November 2024, down by 14.7% month-over-month. Of the 29 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.

Days on Market for Winchester, NV

How long does it take to sell a home in Winchester, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days74 Days+91.3%

Summary: Homes in Winchester had an average of 74 days on market in Nov 2024, up by 91.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Winchester are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 29 homes were sold in Winchester; 45% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Winchester, NV

Nearby Markets to Winchester, NV