Wellington Florida Real Estate Market Report | March 2024
Wellington home inventory has increased once again, but so have home sales. Last month there were 386 homes for sale with asking prices ranging from $275,000 up to $28,500,000. Now there are 399 homes for sale with the same asking prices, $275,000 up to $28,500,000.
Back in January 46 homes sold with sale prices ranging from $325,000 to $3,225,000. While in February 51 homes sold with sale prices ranging from $270,000 to $13,000,000.
The average DOM (Days on Market) went from 50 days in January and went down to 37 days in February. While the price per square foot has decreased from $336 in January down to $297 in February. Back in January there was only 1 distressed sale, it was a bank-owned home and in February there was also 1 distressed sale, but it was a short sale.
The number of Wellington cash buyers in January was 52% and decreased to 45% in February. Conventionally financed buyers went from 37% in January up to 49% in February. FHA homebuyers accounted for 2% in January and increased to 4% in February. While VA homebuyers and other sales accounted for 9% in January and 2% in February.
Month
Homes for Sale
Homes Sold
$ Per Sq Ft
DOM
March
399
$275,000 to $28,500,000
Homes for Sale
51
$270,000 to $13,000,000
February 2024 Sales
$297
Price Per Sq Ft
37
Days on Market
February
386
$275,000 to $28,500,000
Homes for Sale
46
$325,000 to $3,225,000
January 2024 Sales
$336
Price Per Sq Ft
50
Days on Market
January
337
$299,000 to $27,750,000
Homes for Sale
60
$285,000 to $17,300,000
December 2023 Sales
$310
Price Per Sq Ft
23
Days on Market
December
329
$284,900 to $27,750,000
Homes for Sale
61
$312,000 to $10,900,000
November 2023 Sales
$302
Price Per Sq Ft
20
Days on Market
November
329
$284,900 to $27,750,000
Homes for Sale
67
$263,000 to $8,000,000
October 2023 Sales
$323
Price Per Sq Ft
22
Days on Market
October
296
$250,000 to $27,750,000
Homes for Sale
55
$270,000 to $1,912,500
September 2023 Sales
$288
Price Per Sq Ft
27
Days on Market
September
267
$250,000 to $27,750,000
Homes for Sale
72
$275,000 to $8,850,000
August 2023 Sales
$313
Price Per Sq Ft
24
Days on Market
August
234
$275,000 to $28M
Homes for Sale
73
$220,000 to $21,850,000
July 2023 Sales
$295
Price Per Sq Ft
14
Days on Market
July
256
$295,000 to $28M
Homes for Sale
104
$325,000 to $12,200,000
June 2023 Sales
$302
Price Per Sq Ft
13
Days on Market
June
240
$320,000 to $31M
Homes for Sale
107
$275,000 to $21,675,000
May 2023 Sales
$341
Price Per Sq Ft
23
Days on Market
May
234
$309,995 to $31M
Homes for Sale
74
$280,000 to $3,980,000
April 2023 Sales
$312
Price Per Sq Ft
16
Days on Market
April
256
$299,000 to $31M
Homes for Sale
83
$300,000 to $9,149,550
March 2023 Sales
$286
Price Per Sq Ft
32
Days on Market
Information provided by Beaches MLS deemed reliable, but not guaranteed
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 2024
Home inventory in Wellington Florida hasn't changed slightly increased once again. Last month there were 329 homes for sale with asking prices ranging from $284,900 to $27,750,000. Now there are 337 homes for sale with asking prices ranging from $299,000 to $27,750,000.
Back in November, 61 homes sold with sale prices ranging from $312,000 to $10,900,000. While in December 60 homes sold with sale prices ranging from $285,000 to $17,300.
The average DOM (Days on Market) went from 20 days in November up to 23 days in December. While the price per square foot has increased from $302 in November up to $310 in December. Back in November, there were zero distressed sales and there were no distressed sales in December either.
The number of Wellington cash buyers in November was 48% and it was also 48% in December. Conventionally financed buyers went from 42% in November up to 45% in December. FHA homebuyers accounted for 5% in November and decreased down to 3% in December. While VA homebuyers and other sales accounted for 3% in November up to 4% in December.
Wellington Florida Market Report
Wellington Florida Real Estate Market Report | February 2024
Wellington home inventory has increased and home sales have decreased, but historically that is the norm during the holiday months and we are still experiencing a strong sellers market. Last month there were 337 homes for sale with asking prices ranging from $299,000 to $27,750,000. Now there are 386 homes for sale with asking prices ranging from $275,000 up to $28,500,000.
Back in December 60 homes sold with sale prices ranging from $285,000 to $17,300. While in January only 46 homes sold with sale prices ranging from $325,000 to $3,225,000.
The average DOM (Days on Market) went from 23 days in December up to 50 days in January. While the price per square foot has increased from $310 in December up to $336 in January. Back in December, there were zero distressed sales but there was 1 distressed sale in January, it was a bank-owned home.
The number of Wellington cash buyers in December was 48% and increased to 52% in January. Conventionally financed buyers went from 45% in December down to 37% in January. FHA homebuyers accounted for 3% in December and only 2% in January. While VA homebuyers and other sales accounted for 4% in December and increased to 9% in January.
Michelle Gibson of the Hansen Real Estate Group Inc is a full-time REALTOR who has been specializing in Wellington Florida real estate since 2001. This veteran of the real estate industry has expertise in technology, marketing, and social media.