Weston appreciation rates and housing market information

Weston housing market information

With a population of 11,469, 3,825 total housing units (homes and apartments), and a median house value of $1,303,849, Weston house prices are not only among the most expensive in Massachusetts, Weston real estate also is some of the most expensive in all of America.

Weston is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Weston than is found in 99.27% of the communities in America.

And, as is not surprising, these large homes are primarily owner-occupied (83.74%).

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Weston's housing was primarily built during this period, from the '40s through the '60s. A full 45.28% of the town's housing hails from this era. Other housing ages represented in Weston include homes built between 1939 and earlier (25.54%), and housing constructed from 1970-1994 (21.70%). There's also some housing in Weston built between 1995 and later (7.48%).

Weston home appreciation rates

Appreciation rates for homes in Weston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.23%, which ranks in the top 30% nationwide. This equates to an annual average Weston house appreciation rate of 8.92%.

Over the last year, Weston appreciation rates have trailed the rest of the nation. In the last twelve months, Weston's appreciation rate has been -1.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Weston were at -0.01%, which equates to an annual appreciation rate of -0.04%.

Relative to Massachusetts, our data show that Weston's latest annual appreciation rate is higher than 87% of the other cities and towns in Massachusetts.