Is Wooster, 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, 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
$234,312
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wooster have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Wooster was $234,312 in April 2024, up 4.1% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $31K | $137.5K | +343.5% |
| 2 Bedrooms | $170K | $199K | +17.1% |
| 3 Bedrooms | $221.1K | $225K | +1.8% |
| 4 Bedrooms | $300K | $300K | 0.0% |
| 5+ Bedrooms | $306.2K | $304.5K | -0.6% |
Summary: Wooster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 343.5%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $218K | $265.5K | +21.8% |
| Wayne Township | $237.5K | $253K | +6.5% |
| Wooster Township | $225K | $234.7K | +4.3% |
| Wooster | $225K | $234.3K | +4.1% |
Housing Supply in Wooster, OH
How many homes are available in Wooster, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 96 | +6.7% |
Summary: The Wooster real estate market had 96 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 43 | 49 | +14.0% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Wooster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 14%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wooster, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Wooster in April 2024, up by 10.7% month-over-month. Of the 30 sold homes, 53% were sold under asking, 17% were sold at asking, and 30% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 49 Days | +64.5% |
Summary: Homes in Wooster had an average of 49 days on market in Apr 2024, up by 64.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wooster are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Wooster; 48% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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