Is Wellesley, MA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Wellesley is a seller's market


Difference Since May 2023

Since last year, Wellesley has remained a Seller's Market.

Key Takeaway

Wellesley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wellesley, MA

How much do homes in Wellesley, MA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Wellesley have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Wellesley was $1,935,500 in May 2024, up 7.5% from last year, and the median price per square foot was $626.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$716K
2 $907.5K$1.3M
3 $1.2M$1.4M
4 $1.8M$1.9M
5+ $2.6M$2.8M

Summary: Wellesley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 7.6%.

Median Sold Price Compared To Nearby Cities

Wellesley Hills
Needham Heights

Housing Supply in Wellesley, MA

How many homes are available in Wellesley, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Wellesley real estate market had 130 homes for sale in May 2024, a 12.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
2 1615
3 2321
4 3042
5+ 4651

Summary: The Wellesley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 10.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wellesley, you could pay more than the asking price. 52% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Wellesley in May 2024, down by 10.7% month-over-month. Of the 25 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% 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

May 2023May 2024CHANGE
37 Days34 Days-7.7%

Summary: Homes in Wellesley had an average of 34 days on market in May 2024, down by 7.7% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wellesley are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 25 homes were sold in Wellesley; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Wellesley, MA

Nearby Markets to Wellesley, MA

What housing markets are near Wellesley, MA?