Is Wellington, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$483,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wellington was $483,000 in March 2024, down 1.4% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $416K | - | N/A |
2 Bedrooms | $370K | $340K | -8.1% |
3 Bedrooms | $475K | $468.6K | -1.3% |
4 Bedrooms | $514.6K | $501K | -2.6% |
5+ Bedrooms | $530K | $552.5K | +4.2% |
Summary: Wellington housing prices by bedroom type for March 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 1.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Timnath-Wellington | $575.5K | $583.3K | +1.4% |
Wellington | $490K | $483K | -1.4% |
Housing Supply in Wellington, CO
How many homes are available in Wellington, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 91 | -3.2% |
Summary: The Wellington real estate market had 91 homes for sale in March 2024, a 3.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 39 | 40 | +2.6% |
4 Bedrooms | 32 | 28 | -12.5% |
5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Wellington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Wellington in March 2024, down by 20.8% month-over-month. Of the 19 sold homes, 26% were sold under asking, 47% were sold at asking, and 26% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 64 Days | -19.2% |
Summary: Homes in Wellington had an average of 64 days on market in Mar 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Wellington; 16% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.