Is Wellington, FL 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 September 2021

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.

How much do homes in Wellington, FL cost?

Median Sold Price

$655,589

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$154,415(+30.8%)

Key Takeaway

Homes in Wellington have sold for 30.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $268K$500K
+86.6%
2 $303.7K$379K
+24.8%
3 $410K$527.1K
+28.6%
4 $549.1K$726K
+32.2%
5+ $753K$1.0M
+41.7%

Median Sold Price Compared To Nearby Cities

Wellington
+30.8%
Loxahatchee
+27.7%
Sunshine Parkway
+23.9%
Royal Palm Beach
+20.9%
Loxahatchee Groves
+19.0%

How many homes are available in Wellington, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
408389-4.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 22
0.0%
2 4345
+4.7%
3 134128
-4.5%
4 117107
-8.5%
5+ 112107
-4.5%

Number of Homes Sold

Aug 2022Sep 2022%
87870.0%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

10 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. 71.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
40 Days42 Days+7.0%

Breakdown of Home Sale Times

53 Homes Were Sold
Under 30 Days

23 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.

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

About Wellington, FL

Homes for sale in Wellington, FL have reached 389. In September 2022 in Wellington, FL there were 4.7% less homes for sale than in August 2022. In September 2022, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $655,589. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 86.6%, prices of 2 bedrooms properties increased by 24.8%, prices of 3 bedrooms properties went up by 28.6%, 4 bedrooms properties prices increased by 32.2%, prices of 5 bedrooms properties increased by 41.7%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes increased by 4.7%, number of 3 bedrooms homes decreased by 4.5%, 4 bedrooms homes became 8.5% less available, 5 bedrooms homes became 4.5% less available. Over 10 listings were sold over their listed price in September 2022 in Wellington, FL. In the same period over 62 listings were sold below the listed price and 15 listings were sold for the listed price.

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