Wellsboro Housing Market Report December 2024•Tioga County, Pennsylvania

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Housing Prices in Wellsboro, PA

How much do homes in Wellsboro, PA cost?

Housing Market Conditions

Is Wellsboro, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Wellsboro is a Seller's Market

Difference Since December 2023

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

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$255,000$127/SqFt
+$35,000
+15.9%

Based on all homes sold in the last 12 months

Insight

Homes in Wellsboro have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in Wellsboro was $255,000 in December 2024, up 15.9% from last year, and the median price per square foot was $127.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$225K$128K
-43.1%
2$158.7K$132.5K
-16.5%
3$204K$200K
-2.0%
4$275K$292.2K
+6.3%
5$315.4K$375K
+18.9%

Summary: Wellsboro housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -43.1%. The home price for 2 bedroom homes decreased by -16.5%. The home price for 3 bedroom homes decreased by -2.0%. The home price for 4 bedroom homes increased by +6.3%. The home price for 5 bedroom homes increased by +18.9%.

Housing supply in Wellsboro, PA

How many homes are available in Wellsboro, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
43Last MonthDec 2024
452 months agoNov 2024
-4.4 %
Change MoMNov – Dec

Summary: The Wellsboro real estate market had 43 homes for sale in Dec 2024, a 4.4 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
12Last MonthDec 2024
62 months agoNov 2024
+100.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
255
0.0%
31415
+7.1%
42016
-20.0%
567
+16.7%

Summary: Wellsboro housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +7.1%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes increased by +16.7%.

Asking Price vs. Sold Price

How much do homes in Wellsboro, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price2 Homes

Under Asking Price7 Homes

Insight

If you're buying a home in Wellsboro, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Wellsboro in December 2024, up by 100.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and and 18% were sold over asking.

Days on Market for Wellsboro, PA

How long does it take to sell a home in Wellsboro, PA?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

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

Summary: During December 2024, 12 homes were sold in Wellsboro; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
52 DaysThis YearDec 2024
0 Days1 year agoDec 2023
0.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Wellsboro had an average listing age of 52 days in Dec 2024, down by .0% compared to the previous year.

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Newest Listings in Wellsboro, PA

What homes are available in Wellsboro, PA?

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MLS Disclaimers and Copyright

Based on information from Northern Mountains of Pennsylvania MLS, West Branch Valley Association of Realtors MLS, Elmira-Corning Regional Association of REALTORS® MLS, and Pocono Mountains Association of Realtors MLS for the period 01/01/2023 - 01/01/2025

IDX Information is provided by Northern Mountains of Pennsylvania MLS. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Northern Mountains of Pennsylvania MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 4:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 West Branch Valley Association of Realtors. All rights reserved. The listing information has been made available by the MLS and may not be the listing of the provider. All information deemed reliable, though not guaranteed. All measurements are approximate.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 4:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

2025 © Elmira-Corning Regional Association of Realtors® Multiple Listing Service
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/31/2025, 4:17:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate for sale on this web site includes listings held by MLS IDX Participants of the Internet Data Exchange Program of the Multiple Listing Service of the Pocono Mountain Association of Realtors®. Listings marked with the Internet Data Exchange logo are not necessarily the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Association and its MLS IDX Participants with all rights reserved. The information contained herein is believed to be accurate, but no warranty as such is expressed of implied.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 4:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.