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.
Housing Prices in Winchester, VA
How much do homes in Winchester, VA cost?
Median Sold Price
$371,916
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Winchester was $371,916 in April 2024, up 8.3% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $220K | +29.4% |
2 Bedrooms | $235K | $260.5K | +10.9% |
3 Bedrooms | $319.3K | $341.4K | +6.9% |
4 Bedrooms | $440K | $491.3K | +11.7% |
5+ Bedrooms | $580K | $610.9K | +5.3% |
Summary: Winchester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Gainesboro | $365K | $429.5K | +17.7% |
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% |
Housing Supply in Winchester, VA
How many homes are available in Winchester, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
283 | 330 | +16.6% |
Summary: The Winchester real estate market had 330 homes for sale in April 2024, a 16.6% 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 | 49 | +11.4% |
3 Bedrooms | 131 | 151 | +15.3% |
4 Bedrooms | 82 | 99 | +20.7% |
5+ Bedrooms | 26 | 31 | +19.2% |
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 11.4%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 19.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 76 | +7.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Winchester in April 2024, up by 7.0% 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 |
---|---|---|
27 Days | 30 Days | +9.6% |
Summary: Homes in Winchester had an average of 30 days on market in Apr 2024, up by 9.6% 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
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.