Is Wellman, IA 52356 a buyer’s or seller’s market?
Wellman is a seller’s market. With about 0.9 months of supply and 43% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Wellman housing market right now
In the three months ending August 31, 2026, 43% of homes in Wellman, IA 52356 sold above their list price, the typical home went under contract in 9 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, 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 11%, homes sold faster (56 days then) and the median sale price fell 16% to $204,911. Overall, Wellman is more competitive than a year ago, so tougher for buyers.
Within Washington County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Crawfordsville 52621 (0% sold over asking) or Keota 52248 (0% sold over asking).
Run the numbers for 52356
Nearby markets
Ainsworth 52201Buyer’s market $147 /sq ftCrawfordsville 52621Seller’s market $147 /sq ftKeota 52248Balanced $91 /sq ftRiverside 52327Seller’s market $146 /sq ft Browse all markets →Towns like Wellman nearby
Find towns like Wellman in other states →Where Wellman is
Loading map…
Questions about Wellman real estate
Is Wellman a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Wellman, IA 52356 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 Wellman?
The typical home went under contract in 9 days in the latest three months.
Do homes in Wellman sell over asking?
43% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Wellman?
About 1.37% of a home’s value a year in Washington County, or roughly $5,480 on a $400,000 home.
What is the median home price in Wellman?
The median sale price was $204,911 in the three months ending August 31, 2026, about $135 per square foot.
Local agents
See all agents in 52356 →No sponsored agents in 52356 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 52356
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology