Is Wilbraham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Wilbraham was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $302.5K | +31.5% |
2 Bedrooms | $315K | $417.5K | +32.5% |
3 Bedrooms | $360.5K | $367.7K | +2.0% |
4 Bedrooms | $475K | $500K | +5.3% |
5+ Bedrooms | $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%.
Housing Supply in Wilbraham, MA
How many homes are available in Wilbraham, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 29 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 9 | 5 | -44.4% |
5+ Bedrooms | 8 | 5 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 4 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
62 Days | 56 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
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.