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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wellesley is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Wellesley, MA cost?

Median Sold Price

$1,813,250

$598/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$258,883(+16.7%)

Key Takeaway

Homes in Wellesley have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $720K$680K
-5.6%
2 $865K$837.5K
-3.2%
3 $1.0M$1.3M
+21.9%
4 $1.5M$1.8M
+15.3%
5+ $2.4M$2.7M
+11.0%

Median Sold Price Compared To Nearby Cities

Weston
+19.7%
Wellesley Hills
+19.1%
Needham Heights
+17.3%
Wellesley
+16.7%
Needham
+10.9%

How many homes are available in Wellesley, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
8983-6.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 01
+100.0%
2 1213
+8.3%
3 2323
0.0%
4 2423
-4.2%
5+ 3023
-23.3%

Number of Homes Sold

Oct 2022Nov 2022%
1523+53.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wellesley, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
36 Days23 Days-35.6%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Wellesley, MA

Wellesley, MA has 83 homes for sale to choose from. The number of listings in Wellesley, MA decreased by 6.7% between October 2022 and November 2022. While the average time on the market in November 2022 was 23 days, the median list price was $1,813,250. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties became 5.6% more cheaper, prices of 2 bedrooms properties went down by 3.2%, 3 bedrooms properties prices increased by 21.9%, prices of 4 bedrooms properties increased by 15.3%, prices of 5 bedrooms properties went up by 11%. Housing inventory have changed in this real estate market: 1 bedroom homes became 100% more available, the quantity of 2 bedrooms homes went up by 8.3%, 3 bedrooms homes inventory did not change, 4 bedrooms homes inventory decreased by 4.2%, volume of 5 bedrooms homes went down by 23.3%. Over 10 listings were sold over their listed price in November 2022 in Wellesley, MA. In the same period over 11 listings were sold below the listed price and 2 listings were sold for the listed price.

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