Is Winchester, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Winchester has remained a Seller'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, VA
How much do homes in Winchester, VA cost?
Median Sold Price
$370,654
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Winchester have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Winchester was $370,654 in April 2024, up 12.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $220K | +22.9% |
| 2 Bedrooms | $249K | $260.5K | +4.6% |
| 3 Bedrooms | $318K | $340.9K | +7.2% |
| 4 Bedrooms | $415K | $492.6K | +18.7% |
| 5+ Bedrooms | $579.9K | $610.9K | +5.4% |
Summary: Winchester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.9%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Winchester | $330.5K | $370.6K | +12.1% |
| Red Bud | $350K | $385K | +10.0% |
| Winchester | $343.5K | $371.9K | +8.3% |
| Stonewall | $371.7K | $401K | +7.9% |
| Shawnee | $374K | $398.9K | +6.7% |
Housing Supply in Winchester, VA
How many homes are available in Winchester, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 285 | 334 | +17.2% |
Summary: The Winchester real estate market had 334 homes for sale in April 2024, a 17.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 44 | 50 | +13.6% |
| 3 Bedrooms | 133 | 152 | +14.3% |
| 4 Bedrooms | 81 | 100 | +23.5% |
| 5+ Bedrooms | 27 | 32 | +18.5% |
Summary: The Winchester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 76 | +8.6% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winchester, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.
Summary: A total of 76 homes were sold or pending in Winchester in April 2024, up by 8.6% month-over-month. Of the 76 sold homes, 33% were sold under asking, 22% were sold at asking, and 45% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 30 Days | +4.7% |
Summary: Homes in Winchester had an average of 30 days on market in Apr 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 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 April 2024, 76 homes were sold in Winchester; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
