Is Winchester, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Winchester has remained a Seller's Market.
Housing Prices in Winchester, TN
How much do homes in Winchester, TN cost?
Median Sold Price
$365,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Winchester was $365,000 in April 2024, up 21.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $41K | -62.7% |
2 Bedrooms | $157K | $207K | +31.8% |
3 Bedrooms | $272.9K | $330K | +20.9% |
4 Bedrooms | $588.3K | $519.5K | -11.7% |
5+ Bedrooms | $739.2K | $629.3K | -14.9% |
Summary: Winchester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.7%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
Winchester | $300.5K | $365K | +21.5% |
Cowan | $181.5K | $208.2K | +14.8% |
Decherd | $267.9K | $278.9K | +4.1% |
Housing Supply in Winchester, TN
How many homes are available in Winchester, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
155 | 180 | +16.1% |
Summary: The Winchester real estate market had 180 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 75 | 85 | +13.3% |
4 Bedrooms | 50 | 63 | +26.0% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Winchester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 31 | +14.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Winchester in April 2024, up by 14.8% month-over-month. Of the 30 sold homes, 77% were sold under asking, 13% were sold at asking, and 10% were sold over asking.
Days on Market for Winchester, TN
How long does it take to sell a home in Winchester, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 46 Days | +18.4% |
Summary: Homes in Winchester had an average of 46 days on market in Apr 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Winchester; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.