Is Wellton, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wellton is a buyer's market

Buyer's
Market

Difference Since December 2023

Since last year, Wellton has remained a Buyer's Market.

Key Takeaway

Wellton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wellton, AZ

How much do homes in Wellton, AZ cost?

Median Sold Price

$299,900

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$25,426(+9.3%)

Key Takeaway

Homes in Wellton have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Wellton was $299,900 in December 2024, up 9.3% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $121K$220K
+81.8%
2 $229.6K$267.4K
+16.5%
3 $280K$293.9K
+5.0%
4 $288.5K$340.6K
+18.1%
5+ --
N/A

Summary: Wellton housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.8%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes did not change.

Housing Supply in Wellton, AZ

How many homes are available in Wellton, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
56560.0%

Summary: The Wellton real estate market had 56 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 66
0.0%
2 109
-10.0%
3 3031
+3.3%
4 1010
0.0%
5+ 00
0.0%

Summary: The Wellton housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wellton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Wellton in December 2024, down by 57.1% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Wellton, AZ

How long does it take to sell a home in Wellton, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
103 Days94 Days-8.7%

Summary: Homes in Wellton had an average of 94 days on market in Dec 2024, down by 8.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in Wellton; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 8 Days Ago

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