$6,595,000
9,494 SqFt
6 Beds
•7 Full Baths, 1 Partial
#73318903, Teri Adler, Listing Office: MGS Group Real Estate LTD - Wellesley
Is Wellesley Hills, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Wellesley Hills has remained a Seller's Market.
Key Takeaway
Wellesley Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wellesley Hills, MA
How much do homes in Wellesley Hills, MA cost?
Median Sold Price
$2,202,000
$641/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$239,500(+12.2%)
Key Takeaway
Homes in Wellesley Hills have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Wellesley Hills was $2,202,000 in November 2024, up 12.2% from last year, and the median price per square foot was $641.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | - | N/A |
| 2 Bedrooms | $1.0M | $1.0M | -2.2% |
| 3 Bedrooms | $1.1M | $1.3M | +24.9% |
| 4 Bedrooms | $1.8M | $2.1M | +16.4% |
| 5+ Bedrooms | $3.1M | $2.8M | -9.9% |
Summary: Wellesley Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 24.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Wellesley | $1.7M | $2.0M | +18.8% |
| Wellesley Hills | $1.9M | $2.2M | +12.2% |
| Newton | $1.3M | $1.5M | +7.8% |
| Weston | $2.2M | $2.3M | +5.1% |
| Needham Heights | $1.3M | $1.2M | -5.4% |
Housing Supply in Wellesley Hills, MA
How many homes are available in Wellesley Hills, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 43 | -14.0% |
Summary: The Wellesley Hills real estate market had 43 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 25 | 21 | -16.0% |
Summary: The Wellesley Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wellesley Hills, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Wellesley Hills in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 24 Days | -56.1% |
Summary: Homes in Wellesley Hills had an average of 24 days on market in Nov 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wellesley Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Wellesley Hills; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
