Is Wilbraham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wilbraham has remained a Seller's Market.
Key Takeaway
Wilbraham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilbraham, MA
How much do homes in Wilbraham, MA cost?
Median Sold Price
$435,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wilbraham have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Wilbraham was $435,000 in May 2024, up 8.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $372K | +63.5% |
| 2 Bedrooms | $316.5K | $401K | +26.7% |
| 3 Bedrooms | $376K | $350K | -6.9% |
| 4 Bedrooms | $466.5K | $500K | +7.2% |
| 5+ Bedrooms | $652K | $621.5K | -4.7% |
Summary: Wilbraham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.5%, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in Wilbraham, MA
How many homes are available in Wilbraham, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 50 | +8.7% |
Summary: The Wilbraham real estate market had 50 homes for sale in May 2024, a 8.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Wilbraham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilbraham, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Wilbraham in May 2024, down by 14.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Wilbraham, MA
How long does it take to sell a home in Wilbraham, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 23 Days | -27.4% |
Summary: Homes in Wilbraham had an average of 23 days on market in May 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wilbraham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Wilbraham; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
