Is Weston, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Weston has remained a Seller's Market.
Key Takeaway
Weston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weston, FL
How much do homes in Weston, FL cost?
Median Sold Price
$718,359
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Weston have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Weston was $718,359 in May 2024, down 0.9% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $244K | $257.5K | +5.5% |
| 2 Bedrooms | $341.2K | $350K | +2.6% |
| 3 Bedrooms | $590K | $641K | +8.6% |
| 4 Bedrooms | $822.5K | $825K | 0.3% |
| 5+ Bedrooms | $1.2M | $1.2M | +5.0% |
Summary: Weston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Sunrise | $335.2K | $377.5K | +12.6% |
| Davie | $470.6K | $510.3K | +8.4% |
| Southwest Ranches | $1.3M | $1.4M | +3.7% |
| Weston | $725.1K | $718.3K | -0.9% |
Housing Supply in Weston, FL
How many homes are available in Weston, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 279 | 301 | +7.9% |
Summary: The Weston real estate market had 301 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 52 | 60 | +15.4% |
| 3 Bedrooms | 62 | 57 | -8.1% |
| 4 Bedrooms | 65 | 78 | +20.0% |
| 5+ Bedrooms | 99 | 103 | +4.0% |
Summary: The Weston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 51 | -3.8% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weston, you may be able to get a good deal. 78.4% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Weston in May 2024, down by 3.8% month-over-month. Of the 51 sold homes, 78% were sold under asking, 16% were sold at asking, and 6% were sold over asking.
Days on Market for Weston, FL
How long does it take to sell a home in Weston, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 31 Days | -28.3% |
Summary: Homes in Weston had an average of 31 days on market in May 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Weston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 51 homes were sold in Weston; 65% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.