Is Winchester, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Winchester was a Seller's Market.
Housing Prices in Winchester, TN
How much do homes in Winchester, TN cost?
Median Sold Price
$366,775
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Winchester was $366,775 in May 2024, up 19.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.4K | $41K | -66.0% |
2 Bedrooms | $160K | $205K | +28.1% |
3 Bedrooms | $275.9K | $324.2K | +17.5% |
4 Bedrooms | $619.5K | $547.5K | -11.6% |
5+ Bedrooms | $688.5K | $700K | +1.7% |
Summary: Winchester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66%, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Winchester | $307.9K | $366.7K | +19.1% |
Cowan | $181.5K | $197K | +8.5% |
Decherd | $269.9K | $279.9K | +3.7% |
Housing Supply in Winchester, TN
How many homes are available in Winchester, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
166 | 178 | +7.2% |
Summary: The Winchester real estate market had 178 homes for sale in May 2024, a 7.2% 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 | 19 | 18 | -5.3% |
3 Bedrooms | 78 | 78 | 0.0% |
4 Bedrooms | 55 | 60 | +9.1% |
5+ Bedrooms | 14 | 22 | +57.1% |
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 5.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 20 | -35.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Winchester in May 2024, down by 35.5% month-over-month. Of the 18 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Winchester, TN
How long does it take to sell a home in Winchester, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 48 Days | +30.7% |
Summary: Homes in Winchester had an average of 48 days on market in May 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Winchester; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.