Is Wooster, 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, Wooster has remained a Seller's Market.
Housing Prices in Wooster, OH
How much do homes in Wooster, OH cost?
Median Sold Price
$233,743
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wooster was $233,743 in March 2024, up 6.3% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $31K | $137.5K | +343.5% |
2 Bedrooms | $170K | $198.5K | +16.8% |
3 Bedrooms | $225K | $220K | -2.2% |
4 Bedrooms | $285K | $300K | +5.3% |
5+ Bedrooms | $298.7K | $355K | +18.8% |
Summary: Wooster housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 343.5%, 2 bedroom homes increased by 16.8%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $222.5K | $261K | +17.3% |
Wooster Township | $219.9K | $234.5K | +6.6% |
Wooster | $219.9K | $233.7K | +6.3% |
Wayne Township | $237.5K | $240K | +1.1% |
Housing Supply in Wooster, OH
How many homes are available in Wooster, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 83 | -7.8% |
Summary: The Wooster real estate market had 83 homes for sale in March 2024, a 7.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 48 | 39 | -18.8% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Wooster 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 decreased by 5.9%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 25 | -16.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Wooster in March 2024, down by 16.7% month-over-month. Of the 24 sold homes, 63% were sold under asking, 4% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 54 Days | +12.4% |
Summary: Homes in Wooster had an average of 54 days on market in Mar 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Wooster; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.