Is Wells, NY 12190 a buyer’s or seller’s market?
Wells is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Wells housing market right now
In the three months ending August 31, 2026, 0% of homes in Wells, NY 12190 sold above their list price, the typical home went under contract in 5 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (13 days then) and the median sale price fell 56% to $171,926. Overall, Wells is about as competitive as it was a year ago.
Within Hamilton County, homes here sell faster than in 88% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Inlet 13360 (50% sold over asking) and Northville 12134 (33% sold over asking) are even more competitive.
Run the numbers for 12190
Nearby markets
Blue Mountain Lake 12812Seller’s market $417 /sq ftCaroga Lake 12032Seller’s market $281 /sq ftHoffmeister 13353 — /sq ftIndian Lake 12842Seller’s market $252 /sq ft Browse all markets →Where Wells is
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Questions about Wells real estate
Is Wells a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Wells, NY 12190 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Wells?
The typical home went under contract in 5 days in the latest three months.
Do homes in Wells sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Wells?
About 1.00% of a home’s value a year in Hamilton County, or roughly $4,000 on a $400,000 home.
What is the median home price in Wells?
The median sale price was $171,926 in the three months ending August 31, 2026, about $326 per square foot.
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More tools for 12190
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology