$1,958 Closing Credit*
$164,900
1,792 SqFt
3 Beds
•1 Full Bath
Victoria A Joyce-Middaugh, Listing Office: Middaugh Real Estate, Inc.
Is Wellsville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Wellsville was a Seller's Market.
Key Takeaway
Wellsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wellsville, NY
How much do homes in Wellsville, NY cost?
Median Sold Price
$130,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,250(+31.6%)
Key Takeaway
Homes in Wellsville have sold for 31.6% more than they did a year ago.
Summary: The median home sold price in Wellsville was $130,000 in November 2024, up 31.6% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $37K | N/A |
| 2 Bedrooms | $83K | $87.4K | +5.3% |
| 3 Bedrooms | $103K | $133.7K | +29.9% |
| 4 Bedrooms | $136.9K | $157.4K | +15.0% |
| 5+ Bedrooms | $129.1K | $162.5K | +25.8% |
Summary: Wellsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 29.9%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 25.8%.
Housing Supply in Wellsville, NY
How many homes are available in Wellsville, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Wellsville real estate market had 28 homes for sale in November 2024, a 7.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Wellsville 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 increased by 75%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wellsville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Wellsville in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Wellsville, NY
How long does it take to sell a home in Wellsville, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 83 Days | +75.6% |
Summary: Homes in Wellsville had an average of 83 days on market in Nov 2024, up by 75.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wellsville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Wellsville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
