$8,500
0.26 Acres
Land
Kristin Evans Crosby, Listing Office: Samson Properties
Is Winchester, VA 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, VA
How much do homes in Winchester, VA cost?
Median Sold Price
$388,952
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,952(+6.6%)
Key Takeaway
Homes in Winchester have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Winchester was $388,952 in November 2024, up 6.6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $200.5K | -8.9% |
| 2 Bedrooms | $258.5K | $260.2K | +0.7% |
| 3 Bedrooms | $340K | $355K | +4.4% |
| 4 Bedrooms | $480K | $500K | +4.2% |
| 5+ Bedrooms | $649K | $580K | -10.6% |
Summary: Winchester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Red Bud | $365K | $390K | +6.8% |
| Winchester | $365K | $388.9K | +6.6% |
| Winchester | $365K | $388K | +6.3% |
| Gainesboro | $395.7K | $420K | +6.1% |
| Stonewall | $404.3K | $405K | 0.2% |
Housing Supply in Winchester, VA
How many homes are available in Winchester, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 320 | 305 | -4.7% |
Summary: The Winchester real estate market had 305 homes for sale in November 2024, a 4.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 43 | 37 | -14.0% |
| 3 Bedrooms | 139 | 139 | 0.0% |
| 4 Bedrooms | 98 | 90 | -8.2% |
| 5+ Bedrooms | 39 | 38 | -2.6% |
Summary: The Winchester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 73 | -15.1% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winchester, you may be able to get a good deal. 46.6% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in Winchester in November 2024, down by 15.1% month-over-month. Of the 73 sold homes, 47% were sold under asking, 32% were sold at asking, and 22% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 42 Days | +54.9% |
Summary: Homes in Winchester had an average of 42 days on market in Nov 2024, up by 54.9% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 73 homes were sold in Winchester; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.