Is Wellesley Hills, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Wellesley Hills was a Neutral Market.
Housing Prices in Wellesley Hills, MA
How much do homes in Wellesley Hills, MA cost?
Median Sold Price
$2,200,000
$610/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wellesley Hills was $2,200,000 in April 2024, up 10% from last year, and the median price per square foot was $610.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $750K | N/A |
2 Bedrooms | $1.1M | $975.5K | -17.0% |
3 Bedrooms | $1.2M | $1.3M | +5.6% |
4 Bedrooms | $1.9M | $1.8M | -2.8% |
5+ Bedrooms | $2.7M | $2.9M | +6.9% |
Summary: Wellesley Hills 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 decreased by 17%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Wellesley Hills | $2.0M | $2.2M | +10.0% |
Needham Heights | $1.2M | $1.4M | +8.3% |
Newton | $1.3M | $1.4M | +7.9% |
Weston | $2.1M | $2.2M | +5.3% |
Wellesley | $1.8M | $1.9M | +4.7% |
Housing Supply in Wellesley Hills, MA
How many homes are available in Wellesley Hills, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 53 | +1.9% |
Summary: The Wellesley Hills real estate market had 53 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 30 | 29 | -3.3% |
Summary: The Wellesley Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Wellesley Hills in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Wellesley Hills, MA
How long does it take to sell a home in Wellesley Hills, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 46 Days | +261.4% |
Summary: Homes in Wellesley Hills had an average of 46 days on market in Apr 2024, up by 261.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Wellesley Hills; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.