Is Winchester, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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, KY
How much do homes in Winchester, KY cost?
Median Sold Price
$238,500
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Winchester have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Winchester was $238,500 in June 2024, up 6.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173.8K | - | N/A |
| 2 Bedrooms | $138.4K | $164.5K | +18.8% |
| 3 Bedrooms | $230.5K | $224.5K | -2.6% |
| 4 Bedrooms | $241K | $300K | +24.5% |
| 5+ Bedrooms | $301.5K | $405K | +34.3% |
Summary: Winchester housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Cities
| Ford-Boonesborough | $385K | $465K | +20.8% |
| Winchester | $224.7K | $238.5K | +6.1% |
Housing Supply in Winchester, KY
How many homes are available in Winchester, KY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 109 | 109 | 0.0% |
Summary: The Winchester real estate market had 109 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 63 | 54 | -14.3% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 12 | 19 | +58.3% |
Summary: The Winchester housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 58.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 42 | 19 | -54.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winchester, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Winchester in June 2024, down by 54.8% month-over-month. Of the 19 sold homes, 58% were sold under asking, 11% were sold at asking, and 32% were sold over asking.
Days on Market for Winchester, KY
How long does it take to sell a home in Winchester, KY?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 16 Days | 28 Days | +68.8% |
Summary: Homes in Winchester had an average of 28 days on market in Jun 2024, up by 68.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 June 2024, 19 homes were sold in Winchester; 79% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. © 2024 LBAR Multiple Listing Service. All rights reserved.