Is Wellesley, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wellesley has remained a Seller's Market.
Housing Prices in Wellesley, MA
How much do homes in Wellesley, MA cost?
Median Sold Price
$1,902,500
$621/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wellesley was $1,902,500 in April 2024, up 4.7% from last year, and the median price per square foot was $621.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $712.5K | N/A |
2 Bedrooms | $875K | $1.3M | +48.6% |
3 Bedrooms | $1.2M | $1.3M | +5.4% |
4 Bedrooms | $1.8M | $1.9M | +4.1% |
5+ Bedrooms | $2.7M | $2.8M | +5.3% |
Summary: Wellesley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Wellesley Hills | $2.0M | $2.2M | +10.0% |
Needham | $1.3M | $1.4M | +9.6% |
Needham Heights | $1.2M | $1.4M | +8.3% |
Weston | $2.1M | $2.2M | +5.3% |
Wellesley | $1.8M | $1.9M | +4.7% |
Housing Supply in Wellesley, MA
How many homes are available in Wellesley, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 110 | +2.8% |
Summary: The Wellesley real estate market had 110 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 13 | -27.8% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 26 | 28 | +7.7% |
5+ Bedrooms | 43 | 47 | +9.3% |
Summary: The Wellesley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 28 | +21.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Wellesley in April 2024, up by 21.7% month-over-month. Of the 28 sold homes, 39% were sold under asking, 21% were sold at asking, and 39% were sold over asking.
Days on Market for Wellesley, MA
How long does it take to sell a home in Wellesley, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 48 Days | +237.4% |
Summary: Homes in Wellesley had an average of 48 days on market in Apr 2024, up by 237.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Wellesley; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.