Is Wellsville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, OH
How much do homes in Wellsville, OH cost?
Median Sold Price
$76,595
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wellsville have sold for 41.6% less than they did a year ago.
Summary: The median home sold price in Wellsville was $76,595 in May 2024, down 41.6% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $88K | $56K | -36.4% |
| 2 Bedrooms | $62.7K | $63.8K | +1.7% |
| 3 Bedrooms | $137.5K | $125.9K | -8.4% |
| 4 Bedrooms | $119.5K | $80.5K | -32.6% |
| 5+ Bedrooms | $110K | $22.2K | -79.8% |
Summary: Wellsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.4%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 32.6%, and 5+ bedroom homes decreased by 79.8%.
Median Sold Price Compared To Nearby Cities
| Yellow Creek Township | $179K | $195.5K | +9.2% |
| Grant | $159K | $122.5K | -23.0% |
| Wellsville | $131.2K | $76.5K | -41.6% |
Housing Supply in Wellsville, OH
How many homes are available in Wellsville, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 39 | +5.4% |
Summary: The Wellsville real estate market had 39 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Wellsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 16 | +700.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wellsville, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Wellsville in May 2024, up by 700.0% month-over-month. Of the 16 sold homes, 69% were sold under asking, 13% were sold at asking, and 19% were sold over asking.
Days on Market for Wellsville, OH
How long does it take to sell a home in Wellsville, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 126 Days | 80 Days | -36.7% |
Summary: Homes in Wellsville had an average of 80 days on market in May 2024, down by 36.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wellsville has remained consistent over time.
Summary: During May 2024, 16 homes were sold in Wellsville; 31% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.