First American Market Report

Wellington, CO

Single-Family Homes

First American Title | 303.305.1350 | www.firstam.com/title/co



Wellington, CO

Fri Feb 21 2020
This week the median list price for Wellington, CO is $377,700 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 82. 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 Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Wellington, CO

Fri Feb 21 2020
This week the median list price for Wellington, CO is $377,700 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 82. 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 Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Wellington market.
Median List Price $377,700
Per Square Foot $134
Days on Market 144
Price Decreased 21%
Price Increased 20%
Relisted 50%
Inventory 82
Median Rent $1,795
Most Expensive $2,700,000
Least Expensive $255,000
Market Action 25
Slight Buyer's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$464,009 3,552 8,000 - 10,000 sqft 4 3 2 1 1 159
$392,145 3,099 6,500 - 8,000 sqft 3 2 0 2 0 112
$369,900 2,792 6,500 - 8,000 sqft 3 2 1 3 0 162
$330,000 2,370 6,500 - 8,000 sqft 3 2 4 2 2 142