$10,000 Closing Credit*
$1,375,000
1,725 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73307616, Timothy Dittrich, Listing Office: The Agency Marblehead
Is Wellesley, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Wellesley was a Neutral Market.
Key Takeaway
Wellesley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wellesley, MA
How much do homes in Wellesley, MA cost?
Median Sold Price
$2,011,000
$665/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$224,750(+12.6%)
Key Takeaway
Homes in Wellesley have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Wellesley was $2,011,000 in September 2024, up 12.6% from last year, and the median price per square foot was $665.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $912.5K | +21.7% |
| 2 Bedrooms | $997K | $1.7M | +71.8% |
| 3 Bedrooms | $1.1M | $1.4M | +19.5% |
| 4 Bedrooms | $1.8M | $2.0M | +8.9% |
| 5+ Bedrooms | $2.8M | $2.8M | -3.4% |
Summary: Wellesley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 71.8%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Needham | $1.3M | $1.5M | +18.0% |
| Wellesley | $1.7M | $2.0M | +12.6% |
| Wellesley Hills | $1.9M | $2.2M | +11.0% |
| Needham Heights | $1.2M | $1.3M | 0.4% |
| Weston | $2.2M | $2.2M | -0.6% |
Housing Supply in Wellesley, MA
How many homes are available in Wellesley, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 112 | 103 | -8.0% |
Summary: The Wellesley real estate market had 103 homes for sale in September 2024, a 8.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 12 | -36.8% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 30 | 26 | -13.3% |
| 5+ Bedrooms | 41 | 44 | +7.3% |
Summary: The Wellesley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.8%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 48 | 14 | -70.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wellesley, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Wellesley in September 2024, down by 70.8% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 36 Days | 38 Days | +5.8% |
Summary: Homes in Wellesley had an average of 38 days on market in Sep 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wellesley are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 14 homes were sold in Wellesley; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
