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Wellington, FL Housing Market Trends
In September 2024, Wellington saw a notable increase in home prices, rising 8.5% compared to the previous year, with a median sale price of $705K. Homes in Wellington are taking longer to sell, averaging 85 days on the market compared to 66 days last year, possibly indicating a slight cooling in buyer urgency despite rising prices. The number of homes sold increased to 72 this September, up from 57 in the same month last year, reflecting sustained demand in the area. The median sale price per square foot also rose 3.6%, reaching $298, signaling ongoing value growth in the local real estate market.
Wellington's housing market is not very competitive, with homes typically selling in about 94 days. Multiple offers are uncommon, and on average, homes sell for approximately 4% below the list price, going pending in around 94 days. However, "hot" homes tend to sell closer to the asking price and go pending in about 49 days, indicating higher demand for more desirable properties.
Nationally, 2% of homebuyers searched for homes in Wellington from outside metropolitan areas. Among these, New York buyers showed the most interest in relocating to Wellington, followed by those from Washington and Boston. This trend highlights Wellington’s growing appeal to buyers from major urban areas looking for a change in lifestyle or new opportunities.
Whether you have questions about the Wellington real estate market or are ready to explore available properties, Matt is here to assist you every step of the way. With expert knowledge of the area and a commitment to finding the perfect home for you, Matt can provide personalized guidance to help you make informed decisions. Reach out today to get started on your journey to owning a home in Wellington!
Explore our comprehensive neighborhood guide to learn more about the area's top-rated schools, equestrian culture, local amenities, and vibrant community life. Whether you're considering a move or just want to learn more, our guide provides valuable insights to help you get a feel for what makes Wellington such a desirable place to live. Start browsing now and see why Wellington could be the perfect place for your next home!
Bringing passion, dedication, and a wealth of resources to every client, Matt is committed to helping you achieve your real estate goals.
Whether you’re buying your dream home or selling your property for the best value, Matt’s expertise and personalized approach ensure a seamless and successful experience every step of the way.
