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 September 2021

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.

How much do homes in Wooster, OH cost?

Median Sold Price

$199,500

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$19,500(+10.8%)

Key Takeaway

Homes in Wooster have sold for 10.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $220K-
N/A
2 $147.5K$172.5K
+16.9%
3 $178K$195K
+9.6%
4 $218.7K$250K
+14.3%
5+ $231K$312.5K
+35.3%

Median Sold Price Compared To Nearby Cities

Wooster
+10.8%
Wooster Township
+8.5%
Wayne Township
+7.2%

How many homes are available in Wooster, OH?

Number of Homes For Sale

Aug 2022Sep 2022%
8779-9.2%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 1416
+14.3%
3 3433
-2.9%
4 2927
-6.9%
5+ 103
-70.0%

Number of Homes Sold

Aug 2022Sep 2022%
2832+14.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wooster, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
31 Days29 Days-4.5%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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.

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

About Wooster, OH

Homes for sale in Wooster, OH have reached 79. The inventory of homes for sale in Wooster, OH between August 2022 and September 2022 decreased by 9.2%. In September 2022 median list price was $199,500 and the average listing age was 29 days. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 16.9%, prices of 3 bedrooms properties increased by 9.6%, prices of 4 bedrooms properties increased by 14.3%, 5 bedrooms properties became 35.3% more expensive. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 14.3%, number of 3 bedrooms homes decreased by 2.9%, volume of 4 bedrooms homes went down by 6.9%, 5 bedrooms homes inventory decreased by 70%. Over 8 listings were sold over their listed price in September 2022 in Wooster, OH. In the same period over 18 listings were sold below the listed price and 6 listings were sold for the listed price.