Is Winthrop, 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, Winthrop has remained a Seller's Market.
Key Takeaway
Winthrop is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Winthrop, MA
How much do homes in Winthrop, MA cost?
Median Sold Price
$608,250
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Winthrop have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Winthrop was $608,250 in April 2024, up 10.6% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $424.5K | $500K | +17.8% |
| 2 Bedrooms | $476K | $474.9K | -0.2% |
| 3 Bedrooms | $617.5K | $610K | -1.2% |
| 4 Bedrooms | $655K | $807.5K | +23.3% |
| 5+ Bedrooms | $850K | $880K | +3.5% |
Summary: Winthrop housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Winthrop | $550K | $608.2K | +10.6% |
| Winthrop Town | $550K | $607.5K | +10.5% |
| Boston | $776.2K | $807K | +4.0% |
| Revere | $622.5K | $600K | -3.6% |
Housing Supply in Winthrop, MA
How many homes are available in Winthrop, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 47 | -4.1% |
Summary: The Winthrop real estate market had 47 homes for sale in April 2024, a 4.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 15 | 11 | -26.7% |
Summary: The Winthrop housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winthrop, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Winthrop in April 2024, up by 66.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Winthrop, MA
How long does it take to sell a home in Winthrop, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 27 Days | -56.8% |
Summary: Homes in Winthrop had an average of 27 days on market in Apr 2024, down by 56.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Winthrop are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Winthrop; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
