Is Winchester, VA 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.
Housing Prices in Winchester, VA
How much do homes in Winchester, VA cost?
Median Sold Price
$369,080
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Winchester was $369,080 in March 2024, up 6.7% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $200.5K | +54.3% |
2 Bedrooms | $229.9K | $260K | +13.1% |
3 Bedrooms | $315K | $340K | +7.9% |
4 Bedrooms | $435K | $490K | +12.6% |
5+ Bedrooms | $587.5K | $609.9K | +3.8% |
Summary: Winchester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.3%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Stonewall | $358K | $415.2K | +16.0% |
Gainesboro | $365K | $419.9K | +15.0% |
Winchester | $333.5K | $367.2K | +10.1% |
Winchester | $345.8K | $369K | +6.7% |
Red Bud | $353.5K | $375.5K | +6.2% |
Housing Supply in Winchester, VA
How many homes are available in Winchester, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
441 | 489 | +10.9% |
Summary: The Winchester real estate market had 489 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 58 | 65 | +12.1% |
3 Bedrooms | 208 | 226 | +8.7% |
4 Bedrooms | 127 | 146 | +15.0% |
5+ Bedrooms | 46 | 50 | +8.7% |
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 increased by 12.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 61 | +3.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Winchester in March 2024, up by 3.4% month-over-month. Of the 61 sold homes, 43% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Winchester, VA
How long does it take to sell a home in Winchester, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 43 Days | -28.2% |
Summary: Homes in Winchester had an average of 43 days on market in Mar 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 61 homes were sold in Winchester; 62% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.