Wellington Florida Market Report

Wellington Florida Homes for Sale

Wellington Florida

Location: Wellington Florida is centrally located in the western part of Palm Beach County.

Homes: Wellington Florida primarily consists of beautiful single-family homes, but also offers condos, villas, patio homes, townhomes, luxury estate homes, equestrian farms, and multi-family homes.

Year Built: Major construction started in Wellington Florida around the mid-1970s and continues to this day.

Amenities: Wellington Florida is known as the winter equestrian capital of the world, but also offers shopping, dining, and entertainment. Residents also enjoy the local library, parks, and Wellington's weekly events.

Schools: Wellington Florida has top-rated elementary, middle and high schools along with private schools. (Verify school boundaries @ Wellington School Boundaries)

Selling? Find out the value of your Wellington Florida home by calling 561-333-0446 or visiting us online at What's My Home Worth? Once your home value request is received we will provide you with a FREE market analysis via e-mail or with an in-home appointment. Take a sneak peek at just some of the marketing we do to obtain top dollar for your home in the shortest amount of time @ Marketing your home. You can also read what past clients have to say about the service they received by visiting our Testimonial Page.

Buying? If you are looking to purchase a home in Wellington Florida or the surrounding area let us guide you through the home buying process. In order to get started all we need is your home search criteria, which you can provide by calling 561-333-0446 or filling out our Online Buyer Questionnaire. Once received we will do a custom search based on your criteria and e-mail you all of the MLS listings that meet your needs.

Renting? Regardless if you need to list your Wellington Florida home for rent or you want to rent a home in Wellington Florida we can help! If you're a landlord visit our Landlord Resource Center to review our step by step process to listing your home for rent. Here, you will also be able to find out how much your home will rent for, view our tenant screening process, and take a look at just some of the marketing we do to rent your home quickly.

Tenants looking to rent a home in Wellington Florida can receive a list of available homes for rent via e-mail by simply filling out our Online Rental Questionnaire. Learn more about renting a home in Wellington Florida by visiting our Rental Tips and Expectations and review our 9 Steps to Renting a Home.

Contact Realtor Michelle Gibson. @ 561-333-0446 or [email protected] for all your Wellington Florida Real Estate needs.

Previous Detailed Market Reports

Wellington Florida Real Estate Market Report  | January 2023

The Wellington Florida real estate market remains a strong sellers market as we enter 2023!

Home inventory slightly increased, which is the norm for this time of year. Last month we had 250 homes for sale with asking prices ranging from $290,000 to $32,000,000. Now we have 262 homes for sale with asking prices ranging from $299,000 to $31,000,000.

Home sales have also increased! Back in November 47 homes sold with sale prices ranging from $297,000 to $12,250,000. While in December 55 homes sold with sale prices ranging from $300,000 to $3,295,000.

The average DOM (Days on Market) increased from 38 days in November to 54 days in December. While the price per square foot also increased from $290 in November to $293 in December. Just like in October and November, there were no distressed sales (bank-owned or short-sale).

The number of wellington cash buyers has decreased from 49% in November down to 42% in December. Conventionally financed buyers went from 47% in November to 51% in December. FHA homebuyers accounted for 2% in November and went back down to 0% in December. VA homebuyers went from 0% down to 4% and other sales went from 2% up to 3% in December

Wellington Florida Real Estate Market Report  | February 2023

The Wellington Florida real estate slowed down throughout the holiday season into the new year. However, the market is starting to heat back up.

Last month we had 262 homes for sale with asking prices ranging from $299,000 to $31,000,000. Now we have 273 homes for sale but the asking prices remain the same.

Home sales in January decreased, which is the norm. Back in December 55 homes sold with sale prices ranging from $300,000 to $3,295,000. While only 38 homes sold in January with sale prices ranging from $357,000 to $6,500,000.

The average DOM (Days on Market) decreased from 54 days in December down to 43 days in January. While the price per square foot decreased from $293 in December down to $263 in January. Just like the previous months, there were no distressed sales (bank-owned or short-sale).

The number of Wellington cash buyers has increased from 42% in December to 45% in January. Conventionally financed buyers went from 51% in December up to 53% in January. FHA homebuyers accounted for 0% of home sales in December and increased to 2% in January. VA homebuyers and other sales accounted for 0% of sales in January.

Wellington Florida Real Estate Market Report  | March 2023

With home inventory decreasing and home sales increasing the Wellington Florida real estate is heating up again!

Last month we had 273 homes for sale with asking prices ranging from $299,000 to $31,000,000. Now we have 258 homes for sale but the asking prices remain the same for the second month in a row.

Home sales increased 63%! Back in January only 38 homes sold with sale prices ranging from $357,000 to $6,500,000. While in February, 62 homes sold with sale prices ranging from $275,000 to $3,075,000.

The average DOM (Days on Market) remained the same at 43 days for both January and February. While the price per square foot increased from $263 in January up to $287 in February. Just like the previous months, there were no distressed sales (bank-owned or short-sale).

The number of Wellington cash buyers has increased from 45% in January up to 55% in February. Conventionally financed buyers went from 53% in January down to 36% in February. FHA homebuyers accounted for 2% of the home sales in January and increased to 5% in February. VA homebuyers and other sales accounted for 0% of sales in January and increased to 4% in February.

Wellington Florida Real Estate Market Report  | April 2023

Home inventory in Wellington Florida has slightly decreased while the number of home sales increased!

Last month we had 258 homes for sale with asking prices ranging from $299,000 to $31,000,000. Now we have 256 homes for sale but the asking prices remain the same for the third month in a row.

Back in February, 62 homes sold with sale prices ranging from $275,000 to $3,075,000. While in March 83 homes sold with sale prices ranging from $300,000 to $9,149,550.

The average DOM (Days on Market) decreased from 43 in February down to 32 in March. While the price per square foot slightly decreased from $287 in February down to $286 in March. While there have been no distressed sales (bank-owned or short-sale) for a long period of time there were 2 bank-owned home sales in March.

The number of Wellington cash buyers has decreased from 55% in February down to 47% in March. Conventionally financed buyers went from 36% in February up to 47% in March. FHA homebuyers accounted for 5% in February down to 1% in March. VA homebuyers and other sales accounted for 4% in February and went up to 5% in March.

Wellington Florida Real Estate Market Report  | May 2023

Home inventory in Wellington Florida has decreased again.

Last month we had 256 homes for sale with asking prices ranging from $299,000 to $31,000,000. Now we only have 234 homes for sale with asking prices ranging from $309,995 to $31,000,000.

Back in March, 83 homes sold with sale prices ranging from $300,000 to $9,149,550. While in April 74 homes sold with sale prices ranging from $280,000 to $3,980,000.

The average DOM (Days on Market) decreased from 32 in March down to only 16 days in April. While the price per square foot has increased from $286 in March up to $312 in April. While there have been no distressed sales (bank-owned or short-sale) for a long period of time there were 2 bank-owned home sales in March and only 1 bank-owned home sale in April.

The number of Wellington cash buyers for March and April remains the same at 47%. Conventionally financed buyers went from 47% in March down to 45% in April. FHA homebuyers accounted for 1% in March and went up to 3% in April. VA homebuyers and other sales accounted for 5% in both March and April.

Wellington Florida Real Estate Market Report  | June 2023

Home inventory in Wellington Florida has increased but so have home sales! Last month we had 234 homes for sale with asking prices ranging from $309,995 to $31,000,000. Now we have 240 homes for sale with asking prices ranging from $320,000 to $31,000,000.

Back in April 74 homes sold with sale prices ranging from $280,000 to $3,980,000. While in May 107 homes sold with sale prices ranging from $275,000 to $21,675,000.

The average DOM (Days on Market) increased from 16 days in April up to 23 days in May. While the price per square foot has increased again from $312 in April to $341 in May. Back in April 1 bank-owned home sold while in May there were no distressed sales.

The number of Wellington cash buyers for April was 47% and in May increased to 58%. Conventionally financed buyers went from 45% in April down to 36% in May. FHA homebuyers accounted for 3% in both April and May. VA homebuyers and other sales accounted for 5% in April down to 3% in May.

Wellington Florida Real Estate Market Report  | July 2023

Home inventory in Wellington Florida has slightly increased while sales have slightly decreased. Last month we had 240 homes for sale with asking prices ranging from $320,000 to $31,000,000. Now we have 256 homes for sale with asking prices ranging from $295,000 to $28,000,000.

Back in May 107 homes sold with sale prices ranging from $275,000 to $21,675,000. While in June 104 homes sold with sale prices ranging from $325,000 to $12,200,000.

The average DOM (Days on Market) decreased from 23 days in May down to 13 days in June. While the price per square foot has decreased from $341 in May down to $302 in June. Back in May there were no distressed sales but in June there were 2, one short sale and 1 bank-owned home.

The number of Wellington cash buyers for May was 58% and decreased down to 47% in June. Conventionally financed buyers went from 36% in May up to 46% in June. FHA homebuyers accounted for 3% in May and 5% in June. While VA homebuyers and other sales accounted for 3% in May down to 2% in June.

Wellington Florida Real Estate Market Report  | August 2023

Home inventory in Wellington Florida along with home sales has slightly decreased. Last month we had 256 homes for sale with asking prices ranging from $295,000 to $28,000,000. Now we have only 234 homes for sale with asking prices ranging from $275,000 up to $28,000,000.

Back in June 104 homes sold with sale prices ranging from $325,000 to $12,200,000. While in July 73 homes sold with sale prices ranging from $220,000 to $21,850,000.

The average DOM (Days on Market) increased from 13 days in June up to 14 days in July. While the price per square foot has decreased from $302 in June down to $295 in July. Back in June, there were 2 distressed sales, one short sale, and 1 bank-owned home. While there was only 1 distressed sale in July and it was a short sale.

The number of Wellington cash buyers for June was 47% and increased up to 55% in July. Conventionally financed buyers went from 46% in June down to 39% in July. FHA homebuyers accounted for 5% in June and only 3% in July. While VA homebuyers and other sales accounted for 2% in June and 3% in July.

Wellington Florida Real Estate Market Report