Is Wilbraham, MA 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, Wilbraham has remained a Seller's Market.
Key Takeaway
Wilbraham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilbraham, MA
How much do homes in Wilbraham, MA cost?
Median Sold Price
$431,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wilbraham have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Wilbraham was $431,000 in April 2024, up 6.4% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $365K | +60.4% |
| 2 Bedrooms | $315K | $415K | +31.7% |
| 3 Bedrooms | $373.5K | $367.7K | -1.5% |
| 4 Bedrooms | $475K | $495K | +4.2% |
| 5+ Bedrooms | $597K | $645K | +8.0% |
Summary: Wilbraham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.4%, 2 bedroom homes increased by 31.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 8%.
Housing Supply in Wilbraham, MA
How many homes are available in Wilbraham, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 42 | 0.0% |
Summary: The Wilbraham real estate market had 42 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Wilbraham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilbraham, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Wilbraham in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Wilbraham, MA
How long does it take to sell a home in Wilbraham, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 42 Days | -21.1% |
Summary: Homes in Wilbraham had an average of 42 days on market in Apr 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wilbraham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Wilbraham; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
