Is Wellington, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wellington has remained a Seller's Market.
Key Takeaway
Wellington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wellington, OH
How much do homes in Wellington, OH cost?
Median Sold Price
$235,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wellington have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Wellington was $235,000 in April 2024, down 4.9% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $288.5K | N/A |
| 2 Bedrooms | $125K | $150K | +20.0% |
| 3 Bedrooms | $249K | $235K | -5.6% |
| 4 Bedrooms | $270.1K | $362.5K | +34.2% |
| 5+ Bedrooms | $180K | $259K | +43.9% |
Summary: Wellington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 43.9%.
Median Sold Price Compared To Nearby Cities
| Wellington | $247K | $235K | -4.9% |
| Wellington Township | $247K | $235K | -4.9% |
Housing Supply in Wellington, OH
How many homes are available in Wellington, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The Wellington real estate market had 29 homes for sale in April 2024, a 3.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Wellington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wellington, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Wellington in April 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Wellington, OH
How long does it take to sell a home in Wellington, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 43 Days | -35.4% |
Summary: Homes in Wellington had an average of 43 days on market in Apr 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wellington are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Wellington; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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