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Posted 12/15/2022 in Tims Ford Lake Real Estate

Houses for Sale In Winchester TN


Houses for Sale In Winchester TN

Houses for Sale in Winchester TN   

(updated April 2023)

Winchester TN is a smaller town in south Central Tennessee.  The population is approximately 10,000 people with a median income of $48,000 -- this still makes it the 68th most populated city out of 499 cities in TN.  The median age of Winchester residents is 40.5 years old.

As of this writing, there are 127 homes for sale in Winchester TN.


statistics on homes for sale in winchester tnStatistics on Homes For Sale


Are Houses for Sale in Winchester TN maintaining value?

The trend for list prices of houses for sale in Winchester TN is declining .  This is most likely attributed to increasing rates which are approximately 6% or more for a conventional home loan.  

houses for sale in winchester tnAverage list rate of Winchester and Decherd homes (movoto.com)

The average list rate of Winchester TN homes for sale has been declining over the past 6 months.  Given a supply and demand curve, you would expect with an equal supply to see prices decreasing due to mortgage rates inducing a declining demand.

houses for sale in winchester tnStatistics on Houses for Sale in Winchester TN


How Does the Median Sold Price Look for Houses for Sale in Winchester TN?

Just as the average list price is declining so is the sold price.  Historically homes were always selling at or above list price where now there are a few selling above list but much more typically homes are selling for at or below list price.  This tends to be more typical in a general market (that is not high demand).

However, compared to a year ago, the median sold price is still up from November 2021.  


Are Houses For Sale in Winchester TN Selling Fast?

Houses for sale in Winchester TN are selling slower than over the past few years but by no means slow.   According to Redfin, he average home sells for about 4% below list price and go pending in around 56 days.  And highly competitive homes will sell in about 35 days.

In order to have the best experience in selling your house, you want to choose the best real estate agent at Tims Ford Lake.  

 

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Winchester TN   ||   Tullahoma TN   ||   Lynchburg TN   ||   Estill Springs TN   ||   Decherd TN   


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