Wellington home sale report: prices, sale-to-list and days on market

The headline numbers

859 homes closed in Wellington over the trailing twelve months at a median of $675,000.

544 listings are currently active, of which 517 are residential, asking a median of $925,000.

123 are under contract, roughly a quarter of the active count.

Sold listings averaged 34 days on market, the fastest figure of any city in this set. Active listings are averaging 81.

The active inventory prices at a median $384 per square foot.

All figures were measured on 25 September 2026 and describe a market that moves, so treat them as a snapshot.

The $250,000 asking premium, and what causes it

Active listings ask a median $925,000 while closed sales over the trailing twelve months medianed $675,000.

That $250,000 gap is the widest in this set and it is composition rather than a falling market.

The equestrian and large-acreage end of the inventory sits unsold at high asking prices while the volume transacts lower down.

The 75th percentile asking price is $2,249,000, which pulls the asking median far above what changes hands.

So a seller who prices against a neighbour's asking price is anchoring to inventory that has not sold.

This is the most expensive single error available in Wellington, and the data states it plainly.

The fastest market in the county, for correctly priced homes

Sold listings averaged 34 days from listing to accepted offer, the quickest of any city measured here.

Active listings are averaging 81 days, a 47-day spread and the widest in this set.

Read together those two numbers are unambiguous: priced right, a Wellington home sells fast. Priced wrong, it waits months.

There is no third outcome visible in the data, which makes the pricing decision unusually binary here.

It also means a stale listing carries a real cost, because buyers see the price history and read it as a signal.

Plan your move from the 34-day figure plus any board approval time, assuming you price to the market.

Sale-to-list: what sellers actually achieved

Homes here closed at a median 94.4% of their ORIGINAL asking price, which is a reasonable figure.

86% of sales closed below what the seller first asked.

On the $675,000 median that 5.6% gap is roughly $38,000.

The ratio being decent while the asking premium is enormous tells you the sellers who transact are the ones who priced sensibly.

Measured against the final reduced list price almost any market looks like 100%, which is why the original number is the honest one.

The high asking median is not the sold population. It is the population that has not sold.

A single-family market with the county's most pools

405 active listings are single-family homes, 62 are condominiums, 46 are townhouses and 22 are land.

That single-family dominance is unusual for Palm Beach County, where most cities are condominium-led.

50% of active residential listings have a pool, the highest share of any city in this set, so a pool here is close to an expectation.

Only 22 active listings are in buildings of three storeys or more, so the milestone inspection question barely applies.

36% are waterfront, largely canal and lake frontage rather than ocean.

Only 3% are in age-restricted communities, the lowest share in this set, so this is a family and equestrian market.

Well, septic and the acreage inventory

17% of active listings are on septic and 11% on well water, the highest shares of any city in this set.

That reflects the equestrian and larger-lot properties where municipal services were never extended.

Both are inspected by any competent buyer, and a failing system affects financing as well as price.

The median lot here is 0.24 acres, but that median hides genuine acreage at the top of the market.

Barns, stables, arenas and outbuildings are common and frequently unpermitted, which an appraiser may decline to value.

Pulling the permit record before listing is cheap protection on any property with outbuildings.

Housing age and association costs

57% of active listings were built before 2000 but only 6% before 1980, the lowest pre-1980 share of any established city in this set.

The median year built is 1997 and 13% were built in 2010 or later.

That means age-related inspection findings are less common here than in the older coastal cities.

75% of active listings sit in an association, with a median monthly fee of $473, low for a $675,000 median market.

That reflects the single-family and acreage mix rather than condominium buildings with maintenance obligations.

Equestrian communities can carry their own rules about use, structures and animals, which a buyer will want in writing.

The highest rents in the county

924 rental listings are active in Wellington at a median asking rent of $5,000 a month, the highest of any city measured here.

Against a $675,000 median sale price that is roughly 8.9% of value annually before costs, which looks strong.

That figure is inflated by the seasonal equestrian rental market, where short high-value lets are genuine rather than theoretical.

A year-round let would achieve considerably less, so the headline ratio flatters the hold case.

Costs then take a real bite: association dues at a $473 median, insurance, taxes, maintenance, vacancy and management.

On a property with any commercial equestrian use the tax position is more complicated, and that belongs with a CPA.

Check your community rules too, because some equestrian associations restrict short letting outright.

What this means if you are listing now

Price from closed sales, not from neighbouring asking prices, because the asking median runs $250,000 above what transacts.

Expect to achieve somewhere near 94.4% of a correctly set original asking price.

Plan for roughly 34 days to an accepted offer if you price to the market, which is the fastest in the county.

On an equestrian or acreage property, document permits, well, septic and access before listing.

Present the land as carefully as the house, and use aerial photography, because a buyer cannot judge a parcel from ground level.

Ask us for a valuation and you will see the specific sales it rests on and what we adjusted for.