Is Weston, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Weston is a 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

+$31,952(+4.7%)

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

# BEDSAug 2022Aug 2023CHANGE
1 $215K$244K
+13.5%
2 $312.5K$353.5K
+13.1%
3 $550K$600K
+9.1%
4 $787.5K$815K
+3.5%
5+ $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%.

Median Sold Price Compared To Nearby Cities

Sunrise
+10.6%
Davie
+9.7%
Weston
+4.7%

Housing Supply

How many homes are available in Weston, FL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
189203+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

# BEDSJul 2023Aug 2023CHANGE
1 02
+100.0%
2 3537
+5.7%
3 3839
+2.6%
4 4956
+14.3%
5+ 6769
+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 2023Aug 2023CHANGE
4147+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

Asking vs Sold - buyer

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 2022Aug 2023CHANGE
26 Days25 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

Breakdown of Home Sale Times

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.

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

Report Updated 27 Days Ago

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Nearby Markets

What housing markets are near Weston, FL?