Is Wellington, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Wellington was a Seller's Market.
Housing Prices in Wellington, FL
How much do homes in Wellington, FL cost?
Median Sold Price
$693,200
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Wellington was $693,200 in June 2024, up 4.3% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $387.5K | $5.8M | +1403.2% |
2 Bedrooms | $420K | $460K | +9.5% |
3 Bedrooms | $550K | $600K | +9.1% |
4 Bedrooms | $740K | $762.2K | +3.0% |
5+ Bedrooms | $975K | $1.1M | +12.8% |
Summary: Wellington housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1403.2%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
Sunshine Parkway | $565.6K | $625K | +10.5% |
Royal Palm Beach | $455K | $490.7K | +7.8% |
Loxahatchee | $630K | $670.4K | +6.4% |
Wellington | $664.6K | $693.2K | +4.3% |
Loxahatchee Groves | $774.9K | $727K | -6.2% |
Housing Supply in Wellington, FL
How many homes are available in Wellington, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
573 | 573 | 0.0% |
Summary: The Wellington real estate market had 573 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 77 | 70 | -9.1% |
3 Bedrooms | 202 | 203 | 0.5% |
4 Bedrooms | 166 | 171 | +3.0% |
5+ Bedrooms | 127 | 128 | +0.8% |
Summary: The Wellington housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 0.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
88 | 87 | -1.1% |
Asking Price vs. Sold Price
74 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in Wellington in June 2024, down by 1.1% month-over-month. Of the 87 sold homes, 85% were sold under asking, 9% were sold at asking, and 6% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
38 Days | 64 Days | +64.5% |
Summary: Homes in Wellington had an average of 64 days on market in Jun 2024, up by 64.5% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During June 2024, 87 homes were sold in Wellington; 46% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.