Is Wellington, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$699,444
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wellington was $699,444 in April 2024, up 5.2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $2.7M | $750K | -72.2% |
2 Bedrooms | $400K | $450K | +12.5% |
3 Bedrooms | $550K | $600K | +9.1% |
4 Bedrooms | $750K | $757K | +0.9% |
5+ Bedrooms | $1.0M | $1.0M | +1.0% |
Summary: Wellington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Sunshine Parkway | $572K | $617.1K | +7.9% |
Loxahatchee Groves | $760K | $810K | +6.6% |
Royal Palm Beach | $459.9K | $490K | +6.5% |
Loxahatchee | $635.8K | $672.1K | +5.7% |
Wellington | $664.9K | $699.4K | +5.2% |
Housing Supply in Wellington, FL
How many homes are available in Wellington, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
550 | 616 | +12.0% |
Summary: The Wellington real estate market had 616 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 70 | 84 | +20.0% |
3 Bedrooms | 196 | 221 | +12.8% |
4 Bedrooms | 142 | 167 | +17.6% |
5+ Bedrooms | 140 | 141 | +0.7% |
Summary: The Wellington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 0.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 71 | +2.9% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Wellington in April 2024, up by 2.9% month-over-month. Of the 71 sold homes, 92% were sold under asking, 7% were sold at asking, and 1% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 64 Days | +41.2% |
Summary: Homes in Wellington had an average of 64 days on market in Apr 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 71 homes were sold in Wellington; 46% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.