Is Wellington, 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, 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
$236,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wellington have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Wellington was $236,000 in May 2024, down 5.4% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $288.5K | N/A |
| 2 Bedrooms | $117.2K | $153.7K | +31.1% |
| 3 Bedrooms | $250K | $235.5K | -5.8% |
| 4 Bedrooms | $278K | $375K | +34.9% |
| 5+ Bedrooms | $180K | $259K | +43.9% |
Summary: Wellington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.1%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes increased by 43.9%.
Median Sold Price Compared To Nearby Cities
| Wellington | $249.5K | $236K | -5.4% |
| Wellington Township | $249.5K | $236K | -5.4% |
Housing Supply in Wellington, OH
How many homes are available in Wellington, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Wellington real estate market had 33 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Wellington 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wellington, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Wellington in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 83 Days | +74.0% |
Summary: Homes in Wellington had an average of 83 days on market in May 2024, up by 74% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wellington has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Wellington; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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