Wellington, FL Real Estate Listings & Homes for Sale

In October 2024, home prices in Wellington experienced a 13.0% year-over-year decline, with the median sale price dropping to $600K. Homes spent an average of 103 days on the market, a noticeable increase from 67 days last year, reflecting a slower pace of sales. Despite these trends, the number of homes sold rose to 77 from 70 the previous year, suggesting that while buyers are taking longer to close deals, interest in the area remains steady. This combination of lower prices and increased sales volume presents potential opportunities for buyers to negotiate favorable terms in a more relaxed market.

The Wellington housing market is relatively low in competition, with homes typically taking around 91 days to sell. Multiple offers are uncommon, and most properties sell for approximately 4% below the list price before going pending. However, hot homes, which are more desirable or well-priced, tend to sell slightly faster, going pending in about 49 days and for around 1% below the list price. This indicates a market where buyers have room to negotiate, but well-presented homes can still attract attention more quickly.

In November 2024, Wellington, FL, was a buyer's market, meaning the supply of homes exceeded the demand. This gives buyers the upper hand, offering more options and increased negotiating power on pricing and terms. For sellers, it emphasizes the importance of competitive pricing and appealing presentation to stand out in a market with abundant inventory.