New - 10 hours on Rocket
#73330518, The Lara & Chelsea Collaborative, Listing Office: Coldwell Banker Realty - Wellesley
Wellesley Housing Market Report December 2024•Norfolk County, Massachusetts
Housing Prices in Wellesley, MA
How much do homes in Wellesley, MA cost?
Housing Market Conditions
Is Wellesley, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Wellesley is a Seller's Market
Difference Since December 2023
Since last year, Wellesley has remained a Seller's Market.
Insight
Wellesley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$2,100,000$661/SqFt
+$300,000
+16.7%
Based on all homes sold in the last 12 months
Insight
Homes in Wellesley have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Wellesley was $2,100,000 in December 2024, up 16.7% from last year, and the median price per square foot was $661.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Wellesley | $1.8M | $2.1M | +16.7% |
| Needham | $1.4M | $1.5M | +10.3% |
| Weston | $2.1M | $2.3M | +6.0% |
| Wellesley Hills | $2.0M | $2.2M | +5.1% |
| Needham Heights | $1.3M | $1.2M | -11.1% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $625K | $912.5K | +46.0% |
| 22 Bedrooms | $989K | $1.5M | +60.5% |
| 33 Bedrooms | $1.2M | $1.4M | +12.2% |
| 44 Bedrooms | $1.8M | $2.0M | +9.4% |
| 55+ Bedrooms | $2.9M | $2.8M | -5.2% |
Summary: Wellesley housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +46.0%. The home price for 2 bedroom homes increased by +60.5%. The home price for 3 bedroom homes increased by +12.2%. The home price for 4 bedroom homes increased by +9.4%. The home price for 5 bedroom homes decreased by -5.2%.
Housing supply in Wellesley, MA
How many homes are available in Wellesley, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 56Last MonthDec 2024 | ||
| 742 months agoNov 2024 | -24.3 % Change MoMNov – Dec |
Summary: The Wellesley real estate market had 56 homes for sale in Dec 2024, a 24.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 21Last MonthDec 2024 | ||
| 172 months agoNov 2024 | +23.5 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 0 | -100.0% |
| 22 Bedrooms | 9 | 13 | +44.4% |
| 33 Bedrooms | 13 | 10 | -23.1% |
| 44 Bedrooms | 18 | 11 | -38.9% |
| 55+ Bedrooms | 32 | 22 | -31.3% |
Summary: Wellesley housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes increased by +44.4%. The inventory for 3 bedroom homes decreased by -23.1%. The inventory for 4 bedroom homes decreased by -38.9%. The inventory for 5 bedroom homes decreased by -31.3%.
Asking Price vs. Sold Price
How much do homes in Wellesley, MA cost?
Over Asking Price5 Homes
At Asking Price1 Home
Under Asking Price15 Homes
Insight
If you're buying a home in Wellesley, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Wellesley in December 2024, up by 23.5% month-over-month. Of the 21 sold homes, 71% were sold under asking, 5% were sold at asking, and and 24% were sold over asking.
Days on Market for Wellesley, MA
How long does it take to sell a home in Wellesley, MA?
Breakdown of Home Sale Times
Under 30 Days12 Homes
30 – 90 Days5 Homes
Over 90 Days4 Homes
Insight
Many homes in Wellesley are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 21 homes were sold in Wellesley; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 48 DaysThis YearDec 2024 | ||
| 36 Days1 year agoDec 2023 | +33.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Wellesley had an average listing age of 48 days in Dec 2024, up by 33.6% compared to the previous year.
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Newest Listings in Wellesley, MA
What homes are available in Wellesley, MA?
New - 15 hours on Rocket
#73330323, Melissa Dailey, Listing Office: Coldwell Banker Realty - Wellesley
New - 19 hours on Rocket
$10,000 Closing Credit¹
#73330169, Julie Cremin, Listing Office: William Raveis R.E. & Home Services
New - 2 days on Rocket
#73329612, Debi Benoit, Listing Office: William Raveis R.E. & Home Services
New - 2 days on Rocket
$10,000 Closing Credit¹
#73329560, Constantine Iliev, Listing Office: Brilliant Solution, Inc.
New - 2 days on Rocket
$10,000 Closing Credit¹
#73329527, The Lara & Chelsea Collaborative, Listing Office: Coldwell Banker Realty - Wellesley
New - 5 days on Rocket
#73329026, Meghan Sutherland, Listing Office: MGS Group Real Estate LTD - Wellesley
New - 7 days on Rocket
#73328263, Steve & Nicole Connolly Group, Listing Office: Coldwell Banker Realty - Wellesley
New - 7 days on Rocket
#73328205, Susan Bevilacqua, Listing Office: Douglas Elliman Real Estate - Wellesley
$10,000 Closing Credit¹
#73326776, Teri Adler, Listing Office: MGS Group Real Estate LTD - Wellesley
$10,000 Closing Credit¹
#73325845, Janice Dumont, Listing Office: JD Advisors, Inc
$10,000 Closing Credit¹
#73325785, David Ferrini, Listing Office: Coldwell Banker Realty - Sudbury
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 01/01/2023 - 01/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 11:55:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.