The Wells housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 810.7% in the past month alone. With 5.0 months of supply, Wells's inventory levels remain relatively tight. Homes are taking about 37 days to sell, which is 0 days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Wells market with the affordability index at 1324.7. Based on current market indicators, home prices in Wells are projected to decrease by approximately 10.0% over the next month.