Is Wilbraham, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilbraham is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Wilbraham was a Seller's Market.

Key Takeaway

Wilbraham is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wilbraham, MA

How much do homes in Wilbraham, MA cost?

Median Sold Price

$427,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$27,000(+6.8%)

Key Takeaway

Homes in Wilbraham have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Wilbraham was $427,000 in February 2024, up 6.8% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $230K$302.5K
+31.5%
2 $315K$417.5K
+32.5%
3 $360.5K$367.7K
+2.0%
4 $475K$500K
+5.3%
5+ $500K$645K
+29.0%

Summary: Wilbraham housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.5%, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 29%.

Median Sold Price Compared To Nearby Cities

Hampden
+14.2%
Wilbraham
+6.8%
Ludlow
+4.4%
Monson
-3.3%

Housing Supply in Wilbraham, MA

How many homes are available in Wilbraham, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3929-25.6%

Summary: The Wilbraham real estate market had 29 homes for sale in February 2024, a 25.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 2018
-10.0%
4 95
-44.4%
5+ 85
-37.5%

Summary: The Wilbraham housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
134-69.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilbraham, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Wilbraham in February 2024, down by 69.2% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Feb 2023Feb 2024CHANGE
62 Days56 Days-10.8%

Summary: Homes in Wilbraham had an average of 56 days on market in Feb 2024, down by 10.8% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Wilbraham has remained consistent over time.

Summary: During February 2024, 4 homes were sold in Wilbraham; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Wilbraham, MA

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