Is Winchester, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winchester is a seller's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Winchester, KY cost?

Median Sold Price

$190,000

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$25,375(+15.4%)

Key Takeaway

Homes in Winchester have sold for 15.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $72K-
N/A
2 $104K$114K
+9.6%
3 $160.5K$196.5K
+22.4%
4 $227.9K$215.5K
-5.5%
5+ $230K$242.5K
+5.4%

Median Sold Price Compared To Nearby Cities

Winchester
+15.4%
Ford-Boonesborough
-5.5%

How many homes are available in Winchester, KY?

Number of Homes For Sale

Sep 2022Oct 2022%
9685-11.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 1512
-20.0%
3 5550
-9.1%
4 2015
-25.0%
5+ 68
+33.3%

Number of Homes Sold

Sep 2022Oct 2022%
2826-7.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winchester, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
40 Days19 Days-51.5%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Winchester are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Winchester, KY

Number of homes for sale in Winchester, KY real estate market have reached 85. The number of homes for sale in Winchester, KY decreased by 11.5% between September 2022 and October 2022. The median list price of listings available in October 2022 was $190,000, while the average time on the real estate market was 19 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 9.6%, 3 bedrooms properties became 22.4% more expensive, prices of 4 bedrooms properties went down by 5.5%, 5 bedrooms properties prices increased by 5.4%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 20%, 3 bedrooms homes inventory decreased by 9.1%, volume of 4 bedrooms homes went down by 25%, 5 bedrooms homes inventory increased by 33.3%. In October 2022 more than 7 listings in Winchester, KY were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 13 were sold below.