$8,289 Closing Credit*
$698,000
2,196 SqFt
4 Beds
•3 Full Baths
Mary A Casselano, Listing Office: Dream Real Estate
Is Winchester, VA 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, 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, VA
How much do homes in Winchester, VA cost?
Median Sold Price
$386,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,500(+5.9%)
Key Takeaway
Homes in Winchester have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Winchester was $386,500 in October 2024, up 5.9% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $216.5K | $232K | +7.1% |
| 2 Bedrooms | $255.9K | $262.5K | +2.6% |
| 3 Bedrooms | $336.3K | $354.5K | +5.4% |
| 4 Bedrooms | $476.4K | $500K | +5.0% |
| 5+ Bedrooms | $652.7K | $578K | -11.4% |
Summary: Winchester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Gainesboro | $389.9K | $425K | +9.0% |
| Red Bud | $362.5K | $390K | +7.6% |
| Winchester | $365K | $386.5K | +5.9% |
| Winchester | $365.5K | $385.6K | +5.5% |
| Stonewall | $400K | $410K | +2.5% |
Housing Supply in Winchester, VA
How many homes are available in Winchester, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 326 | 339 | +4.0% |
Summary: The Winchester real estate market had 339 homes for sale in October 2024, a 4.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 45 | 43 | -4.4% |
| 3 Bedrooms | 160 | 147 | -8.1% |
| 4 Bedrooms | 90 | 109 | +21.1% |
| 5+ Bedrooms | 28 | 39 | +39.3% |
Summary: The Winchester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 39.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 74 | -5.1% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winchester, you may be able to get a good deal. 37.8% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in Winchester in October 2024, down by 5.1% month-over-month. Of the 74 sold homes, 38% were sold under asking, 34% were sold at asking, and 28% were sold over asking.
Days on Market for Winchester, VA
How long does it take to sell a home in Winchester, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 39 Days | +16.1% |
Summary: Homes in Winchester had an average of 39 days on market in Oct 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Winchester are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 74 homes were sold in Winchester; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
