Is Winchester, MA 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 May 2023

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.

Housing Prices in Winchester, MA

How much do homes in Winchester, MA cost?

Median Sold Price

$1,377,500

$508/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$77,500(+6.0%)

Key Takeaway

Homes in Winchester have sold for 6% more than they did a year ago.

Summary: The median home sold price in Winchester was $1,377,500 in May 2024, up 6% from last year, and the median price per square foot was $508.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $329K$361.2K
+9.8%
2 $720K$757K
+5.1%
3 $1.0M$1.1M
+6.6%
4 $1.4M$1.4M
+4.3%
5+ $2.1M$1.9M
-7.7%

Summary: Winchester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 7.7%.

Median Sold Price Compared To Nearby Cities

Woburn
+13.7%
Medford
+11.0%
Stoneham
+9.9%
Winchester
+6.0%
Lexington
+2.6%

Housing Supply in Winchester, MA

How many homes are available in Winchester, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
95103+8.4%

Summary: The Winchester real estate market had 103 homes for sale in May 2024, a 8.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 42
-50.0%
2 79
+28.6%
3 2522
-12.0%
4 2731
+14.8%
5+ 3239
+21.9%

Summary: The Winchester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 21.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2235+59.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winchester, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in Winchester in May 2024, up by 59.1% month-over-month. Of the 35 sold homes, 37% were sold under asking, 3% were sold at asking, and 60% were sold over asking.

Days on Market for Winchester, MA

How long does it take to sell a home in Winchester, MA?

Average Sale Time

May 2023May 2024CHANGE
16 Days20 Days+28.9%

Summary: Homes in Winchester had an average of 20 days on market in May 2024, up by 28.9% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During May 2024, 35 homes were sold in Winchester; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% 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 23 Days Ago

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