Is Winchester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$1,377,500
$508/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Winchester have sold for 6% more than they did a year ago.
Summary: The median home sold price in Winchester was $1,377,500 in May 2024, up 6% from last year, and the median price per square foot was $508.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329K | $361.2K | +9.8% |
| 2 Bedrooms | $720K | $757K | +5.1% |
| 3 Bedrooms | $1.0M | $1.1M | +6.6% |
| 4 Bedrooms | $1.4M | $1.4M | +4.3% |
| 5+ Bedrooms | $2.1M | $1.9M | -7.7% |
Summary: Winchester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in Winchester, MA
How many homes are available in Winchester, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 103 | +8.4% |
Summary: The Winchester real estate market had 103 homes for sale in May 2024, a 8.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 32 | 39 | +21.9% |
Summary: The Winchester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 21.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 35 | +59.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winchester, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Winchester in May 2024, up by 59.1% month-over-month. Of the 35 sold homes, 37% were sold under asking, 3% were sold at asking, and 60% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 20 Days | +28.9% |
Summary: Homes in Winchester had an average of 20 days on market in May 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
5 Homes Were 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 May 2024, 35 homes were sold in Winchester; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
