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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wellington is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, Wellington has remained a Seller's Market.

Key Takeaway

Wellington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wellington, CO

How much do homes in Wellington, CO cost?

Median Sold Price

$480,000

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$1,935(+0.4%)

Key Takeaway

The sold price of homes in Wellington has remained the same since last year.

Summary: The median home sold price in Wellington was $480,000 in August 2024, up 0.4% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $423K-
N/A
2 $372K$339.9K
-8.6%
3 $468K$460.7K
-1.5%
4 $499K$508.7K
+2.0%
5+ $525K$545K
+3.8%

Summary: Wellington housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Cities

Timnath-Wellington
+1.9%
Wellington
0.4%

Housing Supply in Wellington, CO

How many homes are available in Wellington, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
105124+18.1%

Summary: The Wellington real estate market had 124 homes for sale in August 2024, a 18.1% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 711
+57.1%
3 5464
+18.5%
4 2629
+11.5%
5+ 1820
+11.1%

Summary: The Wellington housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
1923+21.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 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. 43.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Wellington in August 2024, up by 21.1% month-over-month. Of the 23 sold homes, 43% were sold under asking, 35% were sold at asking, and 22% 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

Aug 2023Aug 2024CHANGE
45 Days46 Days+2.9%

Summary: Homes in Wellington had an average of 46 days on market in Aug 2024, up by 2.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wellington has remained consistent over time.

Summary: During August 2024, 23 homes were sold in Wellington; 39% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 13% 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 9 Days Ago

Newest Listings in Wellington, CO

Nearby Markets to Wellington, CO

What housing markets are near Wellington, CO?