Wellington Florida Real Estate Market Report | May 2022
For the second month in a row home inventory in Wellington Florida has increased. Last month there were 164 properties for sale with asking prices ranging from $295,000 to $36,000,000. Now there are 190 properties for sale with asking prices ranging from $290,000 to $365,000.
Home inventory isn't the only thing in Wellington that increased, home sales did too. In March 99 homes sold with sale prices ranging from $260,000 to $11,200,000 and in April, 107 homes sold with sale prices ranging from $355,000 to $15,500,000.
The average DOM (Days on Market) slightly decreased from 11 days in March to 10 days in April. The price per square foot of home sales in Wellington increased from $292 to $308 in April. Distressed sales remain at an all-time low as well. In March only 1 bank-owned home sold, no short sales and in April there were no distressed sales.
Wellington cash buyers slightly increased from 47% in March to 50% in April. Conventionally financed buyers increased from 44% in March to 48% in April. FHA homebuyers went from 5% in March back down to 1% in April. VA homebuyers went from 1% in March to just under 1% in April and other sales went from 3% down to 0%.
Month
Homes for Sale
Homes Sold
$ Per Sq Ft
DOM
May
190
$290,000 to $36M
107
$355,000 to $15,500,000
April 2022 Sales
$308
10
April
164
$295,000 to $36M
99
$260,000 to $11,200,000
March 2022 Sales
$292
11
March
141
$295,000 to $36M
76
$76,123 to $9,650,000
February 2022 Sales
$268
9
February
142
$295,000 to $36M
65
$240,000 to $6,750,000
January 2022 Sales
$268
9
January
162
$245,000 to $35M
83
$150,000 to $8,210,000
December 2021 Sales
$269
16
December
168
$270,000 to $35M
106
$215,000 to $11,650,000
November 2021 Sales
$265
11
November
180
$275,000 to $27,990,000
119
$210,000 to $30,000,000
October 2021 Sales
$257
10
October
181
$250,000 to $27,990,000
104
$205,000 to $14,100,000
September 2021 Sales
$246
11
September
211
$250,000 to $40,000,000
125
$210,000 to $7,300,000
August 2021 Sales
$240
7
August
217
$154,900 to $40,000,000
147
$206,000 to $5,800,000
July 2021 Sales
$233
9
July
218
$250,000 to $40,000,000
162
$190,000 to $9,000,000
June 2021 Sales
$231
6
June
245
$199,900 to $40,000,000
164
$180,000 to $31,750,000
May 2021 Sales
$224
14
May
247
$210,000 to $40,000,000
154
$157,000 to $17,950,000
April 2021 Sales
$227
8
Information provided by Beaches MLS deemed reliable, but not guaranteed
Wellington Florida Homes for Sale
Please verify times due to COVID-19
A sideload OAKMONT(3 bdrm + DEN) in Villagewalk with screened, solar heated, saltwater, multilit pool all electronically controlled located on Premium lakefront lot. Make family memories in the kitchen custom 42''cherry wood cabinet, granite counter,
Incredible opportunity to own one of a few vacant lots left in Wellington's equestrian community of Palm Beach Little Ranches. This high and dry 3 and a half acre lot is mostly cleared with stunning oak trees and 200 feet of water frontage on shared
Elegant and spacious pool home in exclusive community of Orange Grove Estates. Come inside and be greeted by spacious living areas, along with an inviting kitchen. All of the bedrooms are spacious as well and offer ample closet space. Outside you wi
STUNNING LAKE FRONT HOME with one of the best views of Lake Wellington. Located in the heart of Wellington with low HOA and top A-Rated Schools. This beautiful home features 3 bedrooms, 2 full baths, 2 car garage, split floor plan with breathtaking v
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 2022
Wellington Florida home inventory continues to decline with only 162 properties for sale with asking prices starting at $245,000 up to $35,000,000. While last month there were are only 168 with asking prices ranging from $270,000 to $27,990,000.
Home sales have decreased which is no surprise, historically the real estate market always slows down a tad. In November 106 homes were sold with sales prices ranging from $215,000 to $11,650,000. While in December 83 homes sold with sales prices ranging from $150,000 to $8,210,000.
The average DOM (Days on Market) went from 11 days up to 16 days and the price per square foot increased from $265 to $269. Have distressed sales finally left the Wellington real estate market? Only time will tell but there have been no short sales or bank-owned sales since September 2021, which is the first time in over a decade.
Wellington cash buyers have increased once again from 46% in November to 47% in December. Conventionally financed buyers decreased again from 49% in November down to 40% in December. FHA-financed buyers increased from less than 1% up to 4% and "other" types of financing went from 1% up to 9%.
Wellington Florida Real Estate Market Report | February 2022
Wellington Florida home inventory continues to decline. Last month there were 162 properties for sale with asking prices ranging from $245,000 up to $35,000,000. Now there are only 142 properties for sale with asking prices ranging from $295,000 to $36,000,000.
Home sales have decreased in January 2022. Back in December 83 homes sold with sales prices ranging from $150,000 to $8,210,000. While in January only 65 homes sold with sales prices ranging from $240,000 to $6,750,000. However, don't be fooled by the decrease of home sales, it is still an extreme seller's market in Wellington.
The average DOM (Days on Market) went from 16 days down to 9 days and the price per square foot decreased from $269 to $261. Distressed sales are at an all-time low as well. In January only 1 bank-owned and no short sales.
Wellington cash buyers have decreased from 47% in December to 43% in January. Yes, almost half of homebuyers have been paying cash for their new Wellington home. Conventionally financed buyers increased from 40% in December to 48% in January. FHA homebuyers accounted for 5% and 3% were VA sales while other types of sales accounted for 1%.
Wellington Florida Real Estate Market Report | March 2022
Wellington Florida home inventory continues to decline. Last month there were 142 and now there are 141 properties for sale with asking prices ranging from $295,000 to $36,000,000.
Home sales increased in February 2022. Back in January 65 homes sold with sales prices ranging from $240,000 to $6,750,000. While in February only 76 homes sold with sales prices ranging from $76,124 to $9,650,000.
The average DOM (Days on Market) remain the same at 9 days and the price per square foot decreased from $269 to $268. Distressed sales remain at an all-time low as well. In February only 1 bank-owned and 1 short sale were sold.
Wellington cash buyers have increased from 43% in January to 49% in February. Yes, almost half of homebuyers paid cash for their new Wellington home. Conventionally financed buyers decreased from 48% in January down to 43% in February. FHA homebuyers went from 5% in January down to 1% in February. VA homebuyers remain the same at 3% and other sales went from 1% up to 6%.
Wellington Florida Real Estate Market Report | April 2022
For the first time in 2 years Wellington Florida home inventory has increased! Last month there were 141 properties for sale with asking prices ranging from $295,000 to $36,000,000. Now there are 164 properties for sale with asking prices ranging from $295,000 to $36,000,000.
Home inventory isn't the only thing in Wellington that increased, home sales did too. In February 76 homes sold with sales prices ranging from $76,124 to $9,650,000. While in March 99 homes sold with sale prices ranging from $260,000 to $11,200,000.
The average DOM (Days on Market) slightly increased from 9 days in February to 11 days in March. The price per square foot of home sales in Wellington increased from $268 to $292 in March. Distressed sales remain at an all-time low as well. In February only 1 bank-owned and 1 short sale were sold. While in March only 1 bank-owned home sold, no short sales.
Wellington cash buyers slightly decreased from 49% in February down to 47% in March. Conventionally financed buyers increased from 43% in February to 44% in March. FHA homebuyers went from 1% in February back up to 5% in March. VA homebuyers decreased from 3% in February down to 1% in March and other sales went from 6% down to 3%.
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.