Is Winchester, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Winchester has remained a Seller's Market.
Housing Prices in Winchester, KY
How much do homes in Winchester, KY cost?
Median Sold Price
$233,950
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Winchester was $233,950 in March 2024, up 8.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.7K | $95K | -49.4% |
2 Bedrooms | $134.5K | $164K | +21.9% |
3 Bedrooms | $215K | $225K | +4.7% |
4 Bedrooms | $247.5K | $292K | +18.0% |
5+ Bedrooms | $306K | $370K | +20.9% |
Summary: Winchester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.4%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 20.9%.
Housing Supply in Winchester, KY
How many homes are available in Winchester, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 126 | +27.3% |
Summary: The Winchester real estate market had 126 homes for sale in March 2024, a 27.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 55 | 78 | +41.8% |
4 Bedrooms | 28 | 31 | +10.7% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Winchester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 41.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 36 | +111.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Winchester in March 2024, up by 111.8% month-over-month. Of the 36 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 42 Days | -25.3% |
Summary: Homes in Winchester had an average of 42 days on market in Mar 2024, down by 25.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in Winchester; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.