South Florida

Wellington, FL

Single-Family Homes

Real Estate Market Reports



Wellington, FL

Mon Dec 11 2023
This week the median list price for Wellington, FL is $974,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 339. Click here to stay informed with the Wellington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Wellington, FL

Mon Dec 11 2023
This week the median list price for Wellington, FL is $974,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 339. Click here to stay informed with the Wellington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Wellington market.
Median List Price $974,000
Median Price of New Listings $768,990
Per Square Foot $371
Average Days on Market 123
Median Days on Market 70
Price Decreased 42%
Price Increased 2%
Relisted 9%
Inventory 339
Median Rent
Market Action 31
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$6,453,165 4,147 1 - 2.5 acres 4 4.5 22 4 3 213
$1,375,000 3,397 0.25 - 0.5 acre 4 3.5 20 2 6 70
$799,000 2,593 8,000 - 10,000 sqft 4 3 20 6 5 56
$649,900 1,913 6,500 - 8,000 sqft 3 2 23 7 12 49