Is Winchester, TN 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 Seller's Market.
Key Takeaway
Winchester is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Winchester, TN
How much do homes in Winchester, TN cost?
Median Sold Price
$365,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Winchester have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in Winchester was $365,000 in March 2024, up 21.5% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $42K | -50.6% |
| 2 Bedrooms | $155K | $166K | +7.1% |
| 3 Bedrooms | $266K | $330K | +24.1% |
| 4 Bedrooms | $585K | $504.4K | -13.8% |
| 5+ Bedrooms | $739.2K | $655K | -11.4% |
Summary: Winchester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.6%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 24.1%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Winchester | $300.5K | $365K | +21.5% |
| Decherd | $265K | $279.9K | +5.6% |
| Cowan | $191.5K | $198K | +3.4% |
Housing Supply in Winchester, TN
How many homes are available in Winchester, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 154 | 170 | +10.4% |
Summary: The Winchester real estate market had 170 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 75 | 81 | +8.0% |
| 4 Bedrooms | 48 | 58 | +20.8% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Winchester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 25 | +127.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Winchester, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Winchester in March 2024, up by 127.3% month-over-month. Of the 25 sold homes, 80% were sold under asking, 16% were sold at asking, and 4% were sold over asking.
Days on Market for Winchester, TN
How long does it take to sell a home in Winchester, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 64 Days | -15.8% |
Summary: Homes in Winchester had an average of 64 days on market in Mar 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 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, 25 homes were sold in Winchester; 44% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.