Housing in Wellman, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$180,000
Median List Price
$375,000
Price Per Sq Ft
$108
Days on Market
29
Active Inventory
2
Months of Supply
2.0
Seller's market
Zillow Home Value
$229,112
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
100.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
100.1%
Seller's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$108
Median List $/SF
$132
Wellman vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Wellman is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$149,000
Median Rent
$765
Total Housing Units
682
Vacancy Rate
6.3%
Owner Occupied
70.9%
Renter Occupied
29.1%
Median Property Tax
$2,200
per year
Monthly Cost (w/ Mortgage)
$945
Housing Types
The current median sale price in Wellman, IA is $180,000 according to Redfin data. Homes spend a median of 29 days on the market. 100.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $108. The median rent is $765 per month (Census ACS). About 70.9% of housing units are owner-occupied. The median year homes were built is 1973. There are 682 total housing units.