Is Wooster, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wooster is a 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

+$5,716(+2.5%)

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

# BEDSMay 2023May 2024CHANGE
1 $31K$137.5K
+343.5%
2 $170K$200K
+17.6%
3 $220K$225K
+2.3%
4 $300K$299.9K
0%
5+ $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
+12.9%
Wayne Township
+6.2%
Wooster Township
+3.6%
Wooster
+2.5%

Housing Supply in Wooster, OH

How many homes are available in Wooster, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
97110+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2024
+20.0%
3 5160
+17.6%
4 1821
+16.7%
5+ 85
-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 2024May 2024CHANGE
3534-2.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023May 2024CHANGE
28 Days21 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Wooster, OH

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