Is Winthrop, MA 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, 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
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Winthrop have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Winthrop was $608,250 in May 2024, up 7.7% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $429K | $490K | +14.2% |
| 2 Bedrooms | $477K | $474.9K | -0.5% |
| 3 Bedrooms | $638.7K | $610K | -4.5% |
| 4 Bedrooms | $683.5K | $817.5K | +19.6% |
| 5+ Bedrooms | $845K | $905K | +7.1% |
Summary: Winthrop housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Winthrop | $565K | $608.2K | +7.7% |
| Winthrop Town | $565K | $607.5K | +7.5% |
| Boston | $776.6K | $808.9K | +4.1% |
| Revere | $624.3K | $600K | -3.9% |
Housing Supply in Winthrop, MA
How many homes are available in Winthrop, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 54 | +3.8% |
Summary: The Winthrop real estate market had 54 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Winthrop 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 6.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winthrop, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Winthrop in May 2024, down by 12.5% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 47 Days | +127.2% |
Summary: Homes in Winthrop had an average of 47 days on market in May 2024, up by 127.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 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 May 2024, 14 homes were sold in Winthrop; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
