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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Weston is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Weston was a Seller's Market.

Key Takeaway

Weston is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Weston, FL

How much do homes in Weston, FL cost?

Median Sold Price

$701,250

$359/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$22,350(-3.1%)

Key Takeaway

Homes in Weston have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in Weston was $701,250 in February 2024, down 3.1% from last year, and the median price per square foot was $359.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $242.5K$257.5K
+6.2%
2 $335.5K$360K
+7.3%
3 $590K$610K
+3.4%
4 $830K$807.5K
-2.7%
5+ $1.2M$1.2M
-4.0%

Summary: Weston housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

Sunrise
+20.8%
Davie
+9.4%
Weston
-3.1%
Southwest Ranches
-11.3%

Housing Supply in Weston, FL

How many homes are available in Weston, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
224250+11.6%

Summary: The Weston real estate market had 250 homes for sale in February 2024, a 11.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 31
-66.7%
2 4448
+9.1%
3 5668
+21.4%
4 5752
-8.8%
5+ 6481
+26.6%

Summary: The Weston housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 26.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4339-9.3%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

2 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. 64.1% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Weston in February 2024, down by 9.3% month-over-month. Of the 39 sold homes, 64% were sold under asking, 31% were sold at asking, and 5% were sold over asking.

Days on Market for Weston, FL

How long does it take to sell a home in Weston, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
53 Days55 Days+3.0%

Summary: Homes in Weston had an average of 55 days on market in Feb 2024, up by 3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

9 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 February 2024, 39 homes were sold in Weston; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% 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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