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Wellington, FL Housing Market Trends
In June 2025, Wellington home prices saw a slight 0.1% increase from last year, with the median price reaching $688K, indicating relatively stable property values. Homes are selling faster, averaging 76 days on the market compared to 83 days last year, suggesting improved buyer activity despite the modest price growth. However, overall sales volume declined significantly, with 72 homes sold compared to 101 last year, reflecting reduced transaction activity. This combination points to a market with steady pricing but fewer completed sales, possibly due to limited inventory or more cautious buyer behavior.
Wellington is not considered very competitive, with homes taking an average of 90 days to sell, giving buyers ample time to explore options and negotiate terms. Multiple offers are uncommon, and most properties sell for about 5% below list price, indicating that sellers often need to adjust pricing to attract buyers. Even hot homes, which generate more interest, typically sell for around 2% below asking price and go pending in approximately 48 days. This reflects a market that favors buyers, with slower-moving inventory and opportunities to secure deals below list price.
Wellington, FL is a buyer’s market in June 2025, meaning the supply of homes exceeds current buyer demand, creating favorable conditions for purchasers. Buyers have more negotiating power to secure price reductions, request concessions, and take additional time to evaluate properties without the pressure of heavy competition. Sellers, facing longer selling timelines and fewer offers, may need to be more flexible with pricing and terms to attract serious buyers. This environment presents an opportunity for buyers to secure desirable homes at more favorable prices in a relatively slow-moving market.
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