Is Wooster, OH 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, Wooster has remained a Seller's Market.
Key Takeaway
Wooster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wooster, OH
How much do homes in Wooster, OH cost?
Median Sold Price
$230,716
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wooster have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Wooster was $230,716 in May 2024, up 2.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $31K | $137.5K | +343.5% |
| 2 Bedrooms | $170K | $200K | +17.6% |
| 3 Bedrooms | $220K | $225K | +2.3% |
| 4 Bedrooms | $300K | $299.9K | 0% |
| 5+ Bedrooms | $297.5K | $284.5K | -4.4% |
Summary: Wooster housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 343.5%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $234.6K | $265K | +12.9% |
| Wayne Township | $216.5K | $230K | +6.2% |
| Wooster Township | $225K | $233K | +3.6% |
| Wooster | $225K | $230.7K | +2.5% |
Housing Supply in Wooster, OH
How many homes are available in Wooster, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 97 | 110 | +13.4% |
Summary: The Wooster real estate market had 110 homes for sale in May 2024, a 13.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 24 | +20.0% |
| 3 Bedrooms | 51 | 60 | +17.6% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Wooster 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 increased by 20%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wooster, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Wooster in May 2024, down by 2.9% month-over-month. Of the 34 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Wooster, OH
How long does it take to sell a home in Wooster, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 21 Days | -25.0% |
Summary: Homes in Wooster had an average of 21 days on market in May 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wooster are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in Wooster; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.