Is Wooster, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wooster is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Wooster has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wooster, OH

How much do homes in Wooster, OH cost?

Median Sold Price

$232,166

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$1,147(+0.5%)

Key Takeaway

The sold price of homes in Wooster has remained the same since last year.

Summary: The median home sold price in Wooster was $232,166 in December 2024, up 0.5% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $137.5K$230K
+67.3%
2 $192.5K$199K
+3.4%
3 $217.5K$240K
+10.3%
4 $312.5K$265K
-15.2%
5+ $340K$294K
-13.5%

Summary: Wooster housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 13.5%.

Median Sold Price Compared To Nearby Cities

Franklin Township
+5.8%
Wayne Township
+4.4%
Wooster
0.5%
Wooster Township
0.0%

Housing Supply in Wooster, OH

How many homes are available in Wooster, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
120100-16.7%

Summary: The Wooster real estate market had 100 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 2719
-29.6%
3 6051
-15.0%
4 2622
-15.4%
5+ 67
+16.7%

Summary: The Wooster 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 29.6%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3331-6.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wooster, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Wooster in December 2024, down by 6.1% month-over-month. Of the 31 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.

Days on Market for Wooster, OH

How long does it take to sell a home in Wooster, OH?

Average Sale Time

Dec 2023Dec 2024CHANGE
25 Days49 Days+96.9%

Summary: Homes in Wooster had an average of 49 days on market in Dec 2024, up by 96.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wooster has remained consistent over time.

Summary: During December 2024, 31 homes were sold in Wooster; 32% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 13% 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 4 Days Ago

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