Is Winchester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Winchester was a Buyer'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
$1,350,500
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Winchester have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Winchester was $1,350,500 in March 2024, up 4.7% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $324K | $360K | +11.1% |
| 2 Bedrooms | $715K | $745K | +4.2% |
| 3 Bedrooms | $1.0M | $1.1M | +6.5% |
| 4 Bedrooms | $1.4M | $1.5M | +3.6% |
| 5+ Bedrooms | $1.9M | $2.1M | +10.3% |
Summary: Winchester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in Winchester, MA
How many homes are available in Winchester, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 72 | +41.2% |
Summary: The Winchester real estate market had 72 homes for sale in March 2024, a 41.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 20 | 32 | +60.0% |
Summary: The Winchester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winchester, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Winchester in March 2024, up by 160.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 38 Days | -21.4% |
Summary: Homes in Winchester had an average of 38 days on market in Mar 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Winchester are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Winchester; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
