Is Weston, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Weston has remained a Seller's Market.
Key Takeaway
Weston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Weston, FL cost?
Median Sold Price
$713,125
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Weston have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Weston was $713,125 in August 2023, up 4.7% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $244K | +13.5% |
| 2 Bedrooms | $312.5K | $353.5K | +13.1% |
| 3 Bedrooms | $550K | $600K | +9.1% |
| 4 Bedrooms | $787.5K | $815K | +3.5% |
| 5+ Bedrooms | $1.1M | $1.1M | -0.3% |
Summary: Weston housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 0.3%.
Housing Supply
How many homes are available in Weston, FL?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 189 | 203 | +7.4% |
Summary: The Weston real estate market had 203 homes for sale in August 2023, a 7.4% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 35 | 37 | +5.7% |
| 3 Bedrooms | 38 | 39 | +2.6% |
| 4 Bedrooms | 49 | 56 | +14.3% |
| 5+ Bedrooms | 67 | 69 | +3.0% |
Summary: The Weston housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weston, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Weston in August 2023, up by 14.6% month-over-month. Of the 47 sold homes, 51% were sold under asking, 21% were sold at asking, and 28% were sold over asking.
Days on Market
How long does it take to sell a home in Weston, FL?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 26 Days | 25 Days | -4.8% |
Summary: Homes in Weston had an average of 25 days on market in Aug 2023, down by 4.8% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Weston are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 47 homes were sold in Weston; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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