Wellington Home Prices & Values

$108,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2% 1-year change
  • 2.5% 1-year forecast

The median home value in Wellington is $108,700. Wellington home values have gone up 1.2% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in Wellington is $86, which is lower than the Cleveland Metro average of $87. The median price of homes currently listed in Wellington is $121,900 while the median price of homes that sold is $131,500.

Foreclosures will be a factor impacting home values in the next several years. In Wellington 12.7 homes are foreclosed (per 10,000). This is greater than the Cleveland Metro value of 5.1 and also greater than the national value of 4.3

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 6.4%, which is lower than the national value of 6.9%. 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 18.8%, which is lower than Cleveland Metro at 20.8%.

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Relative ZHVI
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Wellington Market Overview

Data through Aug 31, 2014
  • $108,700 ZHVI
  • 2.5% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $121,900 Median listing price
  • No recent data Median sale price
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Wellington Market Health

Data through Aug 31, 2014
  • 1.0/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 18.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

12.7 homes Wellington
5.1 homes Cleveland Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Litchfield $177,000 Spencer $158,900 Lagrange $143,300
Grafton $142,500 Amherst $138,800 Lodi $131,400
South Amherst $121,100 Oberlin $119,300 Elyria $87,500

Listings & Sales

Data through Aug 31, 2014
  • $86 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 47.6% Listings with price cut
45.5%
Sold below listing
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Wellington Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$950 Wellington
$1,147 Cleveland Metro
$1,328 United States
  • 1.8 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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