South Florida

Wellington, FL

Single-Family Homes

Real Estate Market Reports



Wellington, FL

Tue May 28 2024
This week the median list price for Wellington, FL is $879,495 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 476. 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 started cooling and prices have recently plateaued. Since 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

Tue May 28 2024
This week the median list price for Wellington, FL is $879,495 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 476. 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 started cooling and prices have recently plateaued. Since 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 $879,495
Median Price of New Listings $796,250
Per Square Foot $358
Average Days on Market 114
Median Days on Market 63
Price Decreased 47%
Price Increased 4%
Relisted 9%
Inventory 476
Median Rent
Market Action 32
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
$4,100,000 4,028 1 - 2.5 acres 4 4.5 24 3 3 147
$1,100,000 3,126 0.25 - 0.5 acre 4 3 23 12 8 56
$765,000 2,450 8,000 - 10,000 sqft 4 2.5 22 10 8 56
$625,000 1,856 6,500 - 8,000 sqft 3 2 25 9 15 42