Wellesley, MA

Wellesley/wlzli/ is a town in Norfolk County, Massachusetts, United States. It is part of Greater Boston. The population was 27,982 at the time of the 2010 census. It is best known as the home of Wellesley College, Babson College, and a campus of Massachusetts Bay Community College. Olin College, an engineering school, has a campus that spans from Needham, Massachusetts into Wellesley and is adjacent to Wellesley's Babson College.Mike Price and Ray Taylor Wellesley Police Department Detectives, who went down in shame for harassing teenage girls and fraud in Wellesley housing. The residents are primarily conservative with a mix of liberals. Wellesley was settled in the 1630s as part of Dedham, Massachusetts. It was subsequently a part of Needham, Massachusetts called West Needham, Massachusetts. On Oct 23, 1880, West Needham residents voted to secede from Needham and the town of Wellesley was later christened by the Massachusetts legislature on April 6, 1881. The town was named after the estate of local benefactor Horatio Hollis Hunnewell.

Wellesley, MA - Single Family Properties

 
Wellesley
  • Unit sales are up by 62.5%.
  • Median price is down 20.5% to $1,220,700.
  • 3-month new listings in November were 109. This is up 43.4% from 76 in November of 2013.
Nearby Areas You May Be Interested In
  • Unit sales in Needham in November were 28. This is up 133.3% from 12 in November of 2013.
  • Median price in Cambridge is up by 144.9%.
  • Median price in Needham is up 28.7% to $885,050.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending November, 2014 % Chg From Nov, 2013
Median Sale Price $1,271,400 -0.6%
Inventory 120 22.4%
Months of Supply 4.8 40.5%
New Listings 109 43.4%
Changes Favoring Sellers
3 Months Ending November, 2014 % Chg From Nov, 2013
Unit Sales 71 26.8%
Sales to List Price Ratio 96.9% 2.0%
Market Time (Days) 86 -7.5%
Price per Sq Ft for Sold $421 6.7%
Listings Under Contract 80 53.8%
 
Sales
There were 26 unit sales in November. This is up 62.5% from 16 in November of 2013. Sales/list price ratio in November moved down to 96.1% from 96.4% in October.

Prices
Median price in November was $1,220,700. This is down 20.5% from $1,535,000 in November of 2013. 3-month median price of $1,271,400 in November was down just slightly from $1,330,000 in October and down a little from $1,279,000 in November of 2013. Price per square foot in November was $424. This is up from $404 in October and up from $393 in November of 2013.

Inventory
Inventory of 101 in November was down 20.5% from 127 in October but up 21.7% from 83 in November of 2013. New listings in November were 15, unchanged from the same month last year. Months of supply of 3.9 in November was down considerably from 5 in October but way up from 2.9 in November of 2013. This is the lowest months of supply has been since April, 2014.

Market Time
Days on market of 102 in November was up modestly from 97 in October but down a little from 107 in November of 2013. This is the highest days on market has been since April, 2014.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Norfolk County Ranked by Best Performance
Town % Change
Brookline 14.20%
Franklin 12.50%
Norwood 12.03%
Wellesley 9.78%
Milton 9.00%
Randolph 8.75%
Medfield 8.55%
Weymouth 8.30%
Quincy 7.14%
Medway 6.76%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
chart

chart

chart

chart

movingAverageLegend

 
 
Wellesley, MA - Single Family Properties

August Headlines
Wellesley
  • Unit sales are down by 37.5%.
  • Months of supply is up 40.5% to 4.5.
  • Year-to-Date median price in August was $1,217,500. This is up 10.7% from $1,100,000 in August of 2013.
Other Towns In Norfolk County
  • Months of supply in Franklin is up by 76.4%.
  • Inventory in Franklin is up 71.2% to 89.
  • Unit sales in Dover in August were 8. This is up 60.0% from 5 in August of 2013.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending August, 2014 % Chg From Aug, 2013
Unit Sales 123 -25.0%
Sales to List Price Ratio 96.7% -0.3%
Inventory 126 14.5%
Months of Supply 4.9 28.5%
Market Time (Days) 55 10.0%
New Listings 88 12.8%
Changes Favoring Sellers
3 Months Ending August, 2014 % Chg From Aug, 2013
Median Sale Price $1,225,000 7.8%
Price per Sq Ft for Sold $446 9.7%
Listings Under Contract 81 2.5%
 
Sales
There were 30 unit sales in August. This is down 37.5% from 48 in August of 2013. Sales/list price ratio in August moved down to 94.6% from 97.1% in July.

Prices
Median price in August was $1,327,500. This is up 7.8% from $1,231,500 in August of 2013. 3-month median price of $1,225,000 in August was up modestly from $1,165,000 in July and up a little from $1,136,500 in August of 2013. Price per square foot in August was $449. This is up from $434 in July and up from $412 in August of 2013.

Inventory
Inventory of 112 in August was down 14.5% from 131 in July but up 17.9% from 95 in August of 2013. New listings of 14 in August were way down from 28 in July and down modestly from 17 in August of 2013. Months of supply of 4.5 in August was down a little from 5 in July but way up from 3.2 in August of 2013.

Market Time
Days on market of 57 in August was down modestly from 64 in July but up a little from 49 in August of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Norfolk County Ranked by Best Performance
Town % Change
Brookline 15.91%
Franklin 12.00%
Norwood 11.42%
Canton 10.94%
Medfield 10.87%
Wellesley 10.68%
Weymouth 8.70%
Medway 8.39%
Norfolk 8.26%
Quincy 8.19%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
chart

chart

chart

chart

movingAverageLegend
 
Wellesley, MA - Single Family Properties

July Headlines
Wellesley
  • New listings are up 133.3% to 28.
  • 3-month unit sales in July were 116. This is down 18.9% from 143 in July of 2013.
  • Price per square foot is up by 14.8%.
Other Towns In Norfolk County
  • Unit sales in Dedham are down 50.0% to 25.
  • Inventory in Brookline in July was 50. This is down 28.6% from 70 in July of 2013.
  • Days on market in Franklin is up by 133.3%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending July, 2014 % Chg From Jul, 2013
Unit Sales 116 -18.9%
Inventory 133 11.8%
Months of Supply 5.0 17.8%
New Listings 141 6.0%
Listings Under Contract 90 -28.6%
Changes Favoring Sellers
3 Months Ending July, 2014 % Chg From Jul, 2013
Median Sale Price $1,165,000 3.3%
Sales to List Price Ratio 97.8% 0.9%
Market Time (Days) 51 -13.6%
Price per Sq Ft for Sold $450 14.1%
 
Sales
There were 51 unit sales in July. This is up 2.0% from 50 in July of 2013. On a year-over-year basis, unit sales have been rising for 6 months. This is the highest unit sales have been since 66 in June, 2013. Sales/list price ratio in July moved down to 97.1% from 98.1% in June.

Prices
Median price in July was $1,200,000. This is up 4.6% from $1,147,000 in July of 2013. 3-month median price of $1,165,000 in July was down a little from $1,190,500 in June but up just slightly from $1,128,000 in July of 2013.

Inventory
Inventory of 129 in July was down 3.7% from 134 in June but up 17.3% from 110 in July of 2013. New listings of 28 in July were down substantially from 46 in June but way up from 12 in July of 2013. Months of supply of 4.9 in July was down a little from 5.1 in June but up moderately from 3.8 in July of 2013.

Market Time
Days on market of 64 in July was way up from 42 in June and up considerably from 49 in July of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Norfolk County Ranked by Best Performance
Town % Change
Canton 17.85%
Weymouth 13.56%
Norwood 12.68%
Franklin 12.53%
Medfield 12.28%
Brookline 11.89%
Wellesley 11.40%
Milton 9.00%
Stoughton 8.77%
Medway 8.11%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
chart

chart

chart

chart

movingAverageLegend

 

    Map Community

    Find Nearby

    • Hospital
    • School
    • Pharmacy
    • Airport
    • Bank
    • Post Office
    • Nursing Home
    • Church
    Contact Info
    Listings
    photo.aspx?mls=72150908&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    5 Bed

    7.0 Bath

    7,495SqFt

    190 Pond Road,
    Wellesley, MA 02482

    $4,950,000

    Listed ByGibson Sotheby's International Realty

    MLS® #72150908 MLS® # 72150908 (Active)
    photo.aspx?mls=72006066&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    7.0 Bath

    9,052SqFt

    67 Ledgeways,
    Wellesley, MA 02481

    $4,650,000

    Listed ByBenoit Mizner Simon & Co. - Wellesley - Central St

    MLS® #72006066 MLS® # 72006066 (Active)
    photo.aspx?mls=71972964&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    6.0 Bath

    7,390SqFt

    65 White Oak Rd,
    Wellesley, MA 02481

    $4,395,000

    Listed ByBenoit Mizner Simon & Co. - Wellesley - Central St

    MLS® #71972964 MLS® # 71972964 (Active)
    photo.aspx?mls=71966332&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    8.0 Bath

    8,938SqFt

    159 Dover Road,
    Wellesley, MA 02481

    $4,195,000

    Listed ByColdwell Banker Residential Brokerage - Wellesley - Central St.

    MLS® #71966332 MLS® # 71966332 (Active)
    photo.aspx?mls=72123438&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    6.5 Bath

    6,500SqFt

    139 Abbott,
    Wellesley, MA 02481

    $4,175,000

    Listed ByColdwell Banker Residential Brokerage - Wellesley - Central St.

    MLS® #72123438 MLS® # 72123438 (Active)

    PAGE 1  OF  20 1 2 3 4 5 »

    Contact Info
    Agent
    The Walsh Team

    "Best Agents in America 2013"

    William Raveis Real Estate

    73 Central St.
    Wellesley  Massachusetts 02482

    508-934-4030 508-341-4904

    Translator
    Social Media

    The information in this listing was gathered from third party resources including the seller and public records. MLS® Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content © 2017 MLS® Property Information Network, Inc.

    Last updated on Apr 30, 2017.



    © 2017 Northern New England Real Estate Network. All rights reserved.

    This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of NNEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

    Last updated on Apr 30, 2017.

    websitebox