Is Wellsburg, NY 14894 a buyer’s or seller’s market?
Wellsburg is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Wellsburg housing market right now
In the three months ending August 31, 2026, 100% of homes in Wellsburg, NY 14894 sold above their list price, the typical home went under contract in 302 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (136 days then) and the median sale price rose 18% to $167,428. Overall, Wellsburg is more competitive than a year ago, so tougher for buyers.
Within Chemung County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 69%.
Nearby, buyers who want less competition could look at Breesport 14816 (0% sold over asking) or Pine City 14871 (22% sold over asking).
Run the numbers for 14894
Nearby markets
Big Flats 14814Seller’s market $114 /sq ftBreesport 14816Seller’s market $97 /sq ftChemung 14825Seller’s market $143 /sq ftElmira 14901Buyer’s market $65 /sq ft Browse all markets →Towns like Wellsburg nearby
Find towns like Wellsburg in other states →Where Wellsburg is
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Questions about Wellsburg real estate
Is Wellsburg a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Wellsburg, NY 14894 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 Wellsburg?
The typical home went under contract in 302 days in the latest three months.
Do homes in Wellsburg sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 104.8% of the list price.
What are property taxes in Wellsburg?
About 2.45% of a home’s value a year in Chemung County, or roughly $9,800 on a $400,000 home.
What is the median home price in Wellsburg?
The median sale price was $167,428 in the three months ending August 31, 2026, about $157 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology