Brokers — List your Company Here
Featured local agent — Wellman, IA
Sarah Mitchell
Compass Real Estate · Wellman, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Wellman, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$125,500median sale price
How is the Wellman, IA housing market right now?
The median home sale price in Wellman, IA is $125,500, down 44.2% year-over-year. Homes sell in an average of 13 days with 1 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wellman a buyer's or seller's market?
Wellman, IA is currently a strong seller's market, based on 0.3 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
13
Fast-moving
Active listings
1
0.3 months supply
Sale-to-list
103.1%
Above asking
What does the Wellman housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $125,500 |
| Median list price | $185,000 |
| Year-over-year price change | -44.2% |
| Average days on market | 13 days |
| Active inventory | 1 listings |
| Months of supply | 0.3 months |
| Sale-to-list price ratio | 103.1% |
| Median price per sq ft | $138/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 1 |
| Listings with a price cut | 100.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Wellman by property type?
How the Wellman, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $125,500 | $138/sq ft | 3 | 13 days |
Source: Redfin · Updated monthly
The Wellman housing market is currently classified as a strong seller's market with a median sale price of $125,500. Prices have fallen 44.2% compared to last year, with homes spending an average of 13 days on market, indicating 0.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Wellman
There are currently 1 homes listed for sale in Wellman, Iowa. The median listing price is $185K.
Active listings
1
Homes on market
Median list price
$185K
Avg. days on market
13
Days until sale
New this week
1
Newly listed
Who lives in Wellman?
Population
1,539
Median income
$56,696/yr
Median age
40.5 years
Owner-occupied
70.9%
College grads
21.5%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Wellman?
Zillow home value
$252,817
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Wellman?
Wellman is a community of approximately 2K residents with a median age of 40.5 years.The median household income is $56,696, which represents a working-class community with solid middle-income opportunities. 21.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wellman offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Wellman?
3 schools tracked · 728 students
The largest public schools serving Wellman, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mid-Prairie High School
Grades 9-12 · 374 students
Mid-Prairie West Elementary School
Grades 3-4 · 328 students
Mid-Prairie Virtual Academy
Grades K-12 · 26 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Wellman, IA?
Want a head-to-head view? Compare Wellman side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Wellman?
The median home sale price in Wellman is $125,500, down 44.2% from last year.
How long do homes stay on market in Wellman?
Homes typically spend 13 days on market before going under contract.
What is the median income in Wellman?
The median household income is $56,696 per year.
Is Wellman a buyer's or seller's market?
With 0.3 months of supply, Wellman is currently a strong seller's market.
What is the Zillow home value estimate for Wellman?
The Zillow Home Value Index (ZHVI) for Wellman is $252,817, representing the typical home value in the area.
How much does a single-family home cost in Wellman?
The median single-family home price in Wellman, IA is $125,500 (about $138 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Wellman, IA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Wellman market alerts
Weekly updates on prices, inventory, and trends. Free forever.