Is Wellsville, OH 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 Buyer's Market.
Key Takeaway
Wellsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wellsville, OH
How much do homes in Wellsville, OH cost?
Median Sold Price
$127,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wellsville have sold for 5% more than they did a year ago.
Summary: The median home sold price in Wellsville was $127,000 in March 2024, up 5% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $72K | N/A |
| 2 Bedrooms | $88.5K | $61.9K | -30.1% |
| 3 Bedrooms | $131K | $150K | +14.5% |
| 4 Bedrooms | $117K | $142.5K | +21.8% |
| 5+ Bedrooms | $129.9K | $63.5K | -51.1% |
Summary: Wellsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.1%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes decreased by 51.1%.
Median Sold Price Compared To Nearby Cities
| Yellow Creek Township | $167.9K | $190K | +13.1% |
| Grant | $130K | $141K | +8.5% |
| Wellsville | $121K | $127K | +5.0% |
Housing Supply in Wellsville, OH
How many homes are available in Wellsville, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Wellsville real estate market had 24 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Wellsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wellsville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wellsville in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Wellsville, OH
How long does it take to sell a home in Wellsville, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 178 Days | 64 Days | -63.9% |
Summary: Homes in Wellsville had an average of 64 days on market in Mar 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wellsville has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Wellsville; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.