The median home value in Wellington is $407,066. Wellington home values have gone up 1.8% over the past year and Zillow predicts they will fall -2.1% within the next year. The median list price per square foot in Wellington is $206, which is lower than the Miami-Fort Lauderdale-West Palm Beach Metro average of $230. The median price of homes currently listed in Wellington is $529,000 while the median price of homes that sold is $390,700.
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Wellington is 1.1%, which is lower than the national value of 1.1%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Wellington homeowners underwater on their mortgage is 4.8%, which is lower than Miami-Fort Lauderdale-West Palm Beach Metro at 7.2%.
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