Is Wellsville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Wellsville was a Buyer's Market.
Housing Prices in Wellsville, NY
How much do homes in Wellsville, NY cost?
Median Sold Price
$110,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wellsville was $110,000 in April 2024, up 6.8% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $49.9K | -70.5% |
2 Bedrooms | $79.5K | $87K | +9.4% |
3 Bedrooms | $104K | $116.5K | +12.0% |
4 Bedrooms | $115K | $100K | -13.0% |
5+ Bedrooms | $128K | $129.1K | +0.9% |
Summary: Wellsville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.5%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in Wellsville, NY
How many homes are available in Wellsville, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 27 | -18.2% |
Summary: The Wellsville real estate market had 27 homes for sale in April 2024, a 18.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 17 | 16 | -5.9% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wellsville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Wellsville in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 114 Days | +110.3% |
Summary: Homes in Wellsville had an average of 114 days on market in Apr 2024, up by 110.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Wellsville; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.