Over the past 10 years there has been a lot of change in the Winchester MA housing market. We took some time at the beginning of the new decade to look back and review the changes since 2010.
From 2010 - 2019 the average sales price of a single-family home has increased 62%, and the days on market is down 40%. Homes are moving faster and selling for more. The market has also grown - the number of homes sold increased by 22% and overall $ sales volume was up a staggering 97% in the past 10 years.
The housing composition in Winchester has also changed. Although the number of single-family homes has grown slightly, the biggest change has been in the number of condos in town. There are also fewer multi-family homes in Winchester than there were in 2010 -12% fewer in fact.
Another difference is the price range of homes in town. In 2010, 63% of homes sold were in the $500,000 to $1m price bracket, but by 2019 50% of homes sold were priced between $1M and $2M. And the percentage of homes sold over $2M increased from 1% in 2010 to 21% by the end of the decade.
So the market has certainly changed, but what does that mean for you? Let one of our experienced agents guide you through the figures and work out what it all means for your particular situation. For well over a decade we have remained your trusted, full-service agency with experienced, ethical professionals who are ready to serve you. Get in touch to find out the value of your home in today's market.