Is Wilbraham, MA 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, Wilbraham has remained a Seller's Market.
Key Takeaway
Wilbraham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilbraham, MA
How much do homes in Wilbraham, MA cost?
Median Sold Price
$432,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wilbraham have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Wilbraham was $432,000 in March 2024, up 7.7% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $365K | +58.7% |
| 2 Bedrooms | $315K | $417.5K | +32.5% |
| 3 Bedrooms | $371K | $367.7K | -0.9% |
| 4 Bedrooms | $474K | $502.5K | +6.0% |
| 5+ Bedrooms | $555K | $645K | +16.2% |
Summary: Wilbraham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.7%, 2 bedroom homes increased by 32.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in Wilbraham, MA
How many homes are available in Wilbraham, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 41 | +36.7% |
Summary: The Wilbraham real estate market had 41 homes for sale in March 2024, a 36.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 8 | +700.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Wilbraham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 700%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
2 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 Wilbraham, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Wilbraham in March 2024, up by 100.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Wilbraham, MA
How long does it take to sell a home in Wilbraham, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 30 Days | -23.0% |
Summary: Homes in Wilbraham had an average of 30 days on market in Mar 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wilbraham are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Wilbraham; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
