$2,731 Closing Credit*
$230,000
3 Beds
•2 Full Baths
Molly Szafran, Listing Office: Russell Real Estate Services
Is Wellington Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Wellington Township has remained a Seller's Market.
Key Takeaway
Wellington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wellington Township, OH
How much do homes in Wellington Township, OH cost?
Median Sold Price
$231,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,000(-6.1%)
Key Takeaway
Homes in Wellington Township have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in Wellington Township was $231,000 in November 2024, down 6.1% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $436K | $141K | -67.7% |
| 2 Bedrooms | $150K | $157.4K | +5.0% |
| 3 Bedrooms | $236K | $228.5K | -3.2% |
| 4 Bedrooms | $325K | $310.5K | -4.5% |
| 5+ Bedrooms | $251.5K | $427.4K | +70.0% |
Summary: Wellington Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.7%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 70%.
Median Sold Price Compared To Nearby Cities
| LaGrange Township | $259.6K | $261K | 0.5% |
| Wellington Township | $246K | $231K | -6.1% |
| Wellington | $246K | $231K | -6.1% |
Housing Supply in Wellington Township, OH
How many homes are available in Wellington Township, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 35 | -10.3% |
Summary: The Wellington Township real estate market had 35 homes for sale in November 2024, a 10.3% decrease 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 | 5 | 2 | -60.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wellington Township 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 60%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wellington Township, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Wellington Township in November 2024, up by 83.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Wellington Township, OH
How long does it take to sell a home in Wellington Township, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 18 Days | -60.1% |
Summary: Homes in Wellington Township had an average of 18 days on market in Nov 2024, down by 60.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wellington Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Wellington Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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