Is Wellington, CO 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, Wellington has remained a Seller's Market.
Housing Prices in Wellington, CO
How much do homes in Wellington, CO cost?
Median Sold Price
$477,500
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wellington was $477,500 in May 2024, down 1.4% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $423K | - | N/A |
2 Bedrooms | $370K | $340K | -8.1% |
3 Bedrooms | $473K | $460K | -2.7% |
4 Bedrooms | $495.6K | $507.5K | +2.4% |
5+ Bedrooms | $547.5K | $577.5K | +5.5% |
Summary: Wellington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Timnath-Wellington | $573.7K | $599.9K | +4.6% |
Wellington | $484K | $477.5K | -1.4% |
Housing Supply in Wellington, CO
How many homes are available in Wellington, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
96 | 128 | +33.3% |
Summary: The Wellington real estate market had 128 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 49 | 61 | +24.5% |
4 Bedrooms | 28 | 39 | +39.3% |
5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The Wellington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 28 | +75.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Wellington in May 2024, up by 75.0% month-over-month. Of the 28 sold homes, 36% were sold under asking, 25% were sold at asking, and 39% were sold over asking.
Days on Market for Wellington, CO
How long does it take to sell a home in Wellington, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 55 Days | -21.0% |
Summary: Homes in Wellington had an average of 55 days on market in May 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Wellington; 39% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.