Is Wellsville, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wellsville is a seller's market

Buyer's
Market

Difference Since September 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, PA

How much do homes in Wellsville, PA cost?

Median Sold Price

$342,500

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$18,127(-5.0%)

Key Takeaway

Homes in Wellsville have sold for 5% less than they did a year ago.

Summary: The median home sold price in Wellsville was $342,500 in September 2024, down 5% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $116.1K$280K
+141.2%
3 $268K$245.7K
-8.3%
4 $507.5K$480K
-5.4%
5+ -$505K
N/A

Summary: Wellsville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 141.2%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Warrington Township
0.0%
Wellsville
-5.0%

Housing Supply in Wellsville, PA

How many homes are available in Wellsville, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
880.0%

Summary: The Wellsville real estate market had 8 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 45
+25.0%
4 22
0.0%
5+ 10
-100.0%

Summary: The Wellsville housing inventory by bedroom type for September 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wellsville, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Wellsville in September 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Wellsville, PA

How long does it take to sell a home in Wellsville, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
4 Days8 Days+100.0%

Summary: Homes in Wellsville had an average of 8 days on market in Sep 2024, up by 100% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wellsville are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Wellsville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

Newest Listings in Wellsville, PA

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