Is Wells County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wells County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Wells County has remained a Seller's Market.

Key Takeaway

Wells County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wells County, IN

How much do homes in Wells County, IN cost?

Median Sold Price

$193,000

$117/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$9,350(+5.1%)

Key Takeaway

Homes in Wells County have sold for 5.1% more than they did a month ago.

Summary: The median home sold price in Wells County was $193,000 in November 2024, up 5.1% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $172.5K$105K
-39.1%
3 $175.4K$185K
+5.5%
4 $350K$242.5K
-30.7%
5+ $155K$306K
+97.4%

Summary: Wells County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 30.7%, and 5+ bedroom homes increased by 97.4%.

Median Sold Price Compared To Nearby Counties

Huntington County
+14.6%
Wells County
+5.1%
Adams County
-10.4%
Jay County
-15.4%
Blackford County
-32.1%

Housing Supply in Wells County, IN

How many homes are available in Wells County, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10489-14.4%

Summary: The Wells County real estate market had 89 homes for sale in November 2024, a 14.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 169
-43.8%
3 5648
-14.3%
4 2627
+3.8%
5+ 65
-16.7%

Summary: The Wells County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 43.8%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3826-31.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wells County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Wells County in November 2024, down by 31.6% month-over-month. Of the 26 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.

Days on Market for Wells County, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Wells County, IN

Nearby Markets to Wells County, IN

What housing markets are near Wells County, IN?