Comprehensive market data and analysis• Updated Dec 2025
2.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | 1 | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 3 | 3 | 3 |
Acreage buckets
The median price for land in Wellman, Iowa is currently $7K per acre. For a typical parcel, the median sale price is $80K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $61K while premium lots reached $86K.
Wellman, Iowa is currently a very hot seller's market with 2.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Wellman, Iowa currently has 2.0 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
Land in Wellman, Iowa typically sells within 79 days of listing. The median time on market is 79 days. Properties are moving at a moderate pace in the current very hot seller's market.
Over the past 12 months, Wellman, Iowa saw 3 properties sold, totaling $224K in sales volume. In just the last 3 months, 3 properties changed hands.
The 3-month absorption rate in Wellman, Iowa is 50.0%. The 12-month rate is 12.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 2 active listings in Wellman, Iowa. 1 new listings have hit the market in the last 90 days. The median asking price is $342K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
