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 November 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

$690,714

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,797(+3.3%)

Key Takeaway

Homes in Wellington have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Wellington was $690,714 in November 2024, up 3.3% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $5.5M$497.5K
-91.1%
2 $448.7K$449.5K
0.2%
3 $560.7K$589K
+5.1%
4 $734.1K$766.3K
+4.4%
5+ $993.7K$1.1M
+10.7%

Summary: Wellington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 91.1%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Cities

Royal Palm Beach
+5.9%
Sunshine Parkway
+5.8%
Wellington
+3.3%
Loxahatchee
+1.8%
Loxahatchee Groves
-11.0%

Housing Supply in Wellington, FL

How many homes are available in Wellington, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5175180.2%

Summary: The Wellington real estate market had 518 homes for sale in November 2024, a 0.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 02
+100.0%
2 6061
+1.7%
3 190186
-2.1%
4 134138
+3.0%
5+ 133131
-1.5%

Summary: The Wellington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 1.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7053-24.3%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 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. 81.1% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Wellington in November 2024, down by 24.3% month-over-month. Of the 53 sold homes, 81% were sold under asking, 15% were sold at asking, and 4% 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

Nov 2023Nov 2024CHANGE
36 Days62 Days+69.6%

Summary: Homes in Wellington had an average of 62 days on market in Nov 2024, up by 69.6% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

11 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 November 2024, 53 homes were sold in Wellington; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 21% 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 17 Days Ago

Newest Listings in Wellington, FL

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