$1,128 Closing Credit*
$95,000
3 Beds
•2 Full Baths
Cindy L Sneltzer, Listing Office: Berkshire Hathaway HomeServices Stouffer Realty
Is Wellsville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wellsville was a Seller's Market.
Key Takeaway
Wellsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wellsville, OH
How much do homes in Wellsville, OH cost?
Median Sold Price
$105,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,750(-16.5%)
Key Takeaway
Homes in Wellsville have sold for 16.5% less than they did a year ago.
Summary: The median home sold price in Wellsville was $105,000 in October 2024, down 16.5% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56K | $160K | +185.7% |
| 2 Bedrooms | $63.8K | $64.5K | +1.1% |
| 3 Bedrooms | $139K | $160K | +15.1% |
| 4 Bedrooms | $114K | $109K | -4.4% |
| 5+ Bedrooms | $63.5K | $17K | -73.2% |
Summary: Wellsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 185.7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 73.2%.
Housing Supply in Wellsville, OH
How many homes are available in Wellsville, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Wellsville real estate market had 17 homes for sale in October 2024, a 21.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wellsville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wellsville in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Wellsville, OH
How long does it take to sell a home in Wellsville, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 42 Days | -47.9% |
Summary: Homes in Wellsville had an average of 42 days on market in Oct 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 October 2024, 2 homes were sold in Wellsville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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