Is Winthrop, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Winthrop has remained a Seller's Market.
Key Takeaway
Winthrop is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Winthrop, MA
How much do homes in Winthrop, MA cost?
Median Sold Price
$622,500
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Winthrop have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Winthrop was $622,500 in June 2024, up 11.2% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $429K | $480K | +11.9% |
| 2 Bedrooms | $436K | $512K | +17.4% |
| 3 Bedrooms | $580K | $689.4K | +18.9% |
| 4 Bedrooms | $708.2K | $910K | +28.5% |
| 5+ Bedrooms | $850K | $915K | +7.6% |
Summary: Winthrop housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Winthrop Town | $560K | $630K | +12.5% |
| Winthrop | $560K | $622.5K | +11.2% |
| Boston | $780.4K | $806.1K | +3.3% |
| Revere | $620.5K | $606K | -2.3% |
Housing Supply in Winthrop, MA
How many homes are available in Winthrop, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 55 | 54 | -1.8% |
Summary: The Winthrop real estate market had 54 homes for sale in June 2024, a 1.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Winthrop housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winthrop, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Winthrop in June 2024, up by 13.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% were sold over asking.
Days on Market for Winthrop, MA
How long does it take to sell a home in Winthrop, MA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 30 Days | 36 Days | +19.6% |
Summary: Homes in Winthrop had an average of 36 days on market in Jun 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
13 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 Winthrop are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 17 homes were sold in Winthrop; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
