Is Winchester, CT 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, 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, CT
How much do homes in Winchester, CT cost?
Median Sold Price
$240,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Winchester have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Winchester was $240,000 in May 2024, up 8.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $167.5K | +4.8% |
| 2 Bedrooms | $162.2K | $179.9K | +10.9% |
| 3 Bedrooms | $235K | $248K | +5.5% |
| 4 Bedrooms | $245K | $250K | +2.0% |
| 5+ Bedrooms | $209K | $305K | +45.9% |
Summary: Winchester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 45.9%.
Median Sold Price Compared To Nearby Cities
| Torrington | $220K | $260K | +18.2% |
| Winchester | $221.7K | $240K | +8.2% |
| Winsted | $225K | $240K | +6.7% |
| Barkhamsted | $392.5K | $390K | -0.6% |
Housing Supply in Winchester, CT
How many homes are available in Winchester, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 28 | -20.0% |
Summary: The Winchester real estate market had 28 homes for sale in May 2024, a 20.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Winchester 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 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winchester, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Winchester in May 2024, down by 61.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Winchester, CT
We’re sorry, we don't have information for this market at the moment
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