Is Wellington, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wellington is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Wellington was a Seller's Market.

Key Takeaway

Wellington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wellington, FL

How much do homes in Wellington, FL cost?

Median Sold Price

$695,333

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,833(+4.3%)

Key Takeaway

Homes in Wellington have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Wellington was $695,333 in October 2024, up 4.3% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275K$750K
+172.7%
2 $437.5K$450K
+2.9%
3 $560K$596.3K
+6.5%
4 $727.6K$777.5K
+6.8%
5+ $992K$1.0M
+9.9%

Summary: Wellington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 172.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Cities

Royal Palm Beach
+6.5%
Sunshine Parkway
+6.5%
Wellington
+4.3%
Loxahatchee
+2.6%
Loxahatchee Groves
-11.0%

Housing Supply in Wellington, FL

How many homes are available in Wellington, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
520538+3.5%

Summary: The Wellington real estate market had 538 homes for sale in October 2024, a 3.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 6462
-3.1%
3 183194
+6.0%
4 142145
+2.1%
5+ 131137
+4.6%

Summary: The Wellington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 4.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6663-4.5%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wellington, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.

Summary: A total of 63 homes were sold or pending in Wellington in October 2024, down by 4.5% month-over-month. Of the 63 sold homes, 76% were sold under asking, 14% were sold at asking, and 10% were sold over asking.

Days on Market for Wellington, FL

How long does it take to sell a home in Wellington, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days72 Days+60.9%

Summary: Homes in Wellington had an average of 72 days on market in Oct 2024, up by 60.9% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wellington are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 63 homes were sold in Wellington; 37% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

Newest Listings in Wellington, FL

Nearby Markets to Wellington, FL

What housing markets are near Wellington, FL?