Is Wellsville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wellsville has remained a Seller's Market.
Key Takeaway
Wellsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wellsville, NY
How much do homes in Wellsville, NY cost?
Median Sold Price
$101,500
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wellsville have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Wellsville was $101,500 in March 2024, down 3.3% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $49.9K | -70.3% |
| 2 Bedrooms | $77.2K | $80.2K | +3.9% |
| 3 Bedrooms | $112K | $110.5K | -1.3% |
| 4 Bedrooms | $134.5K | $111.9K | -16.8% |
| 5+ Bedrooms | $151.5K | $129.1K | -14.7% |
Summary: Wellsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 14.7%.
Housing Supply in Wellsville, NY
How many homes are available in Wellsville, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 35 | 0.0% |
Summary: The Wellsville real estate market had 35 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Wellsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wellsville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Wellsville in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Wellsville, NY
How long does it take to sell a home in Wellsville, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 96 Days | 27 Days | -71.6% |
Summary: Homes in Wellsville had an average of 27 days on market in Mar 2024, down by 71.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wellsville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Wellsville; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
