Wellesley, MA


Highest Appreciating Wellesley Neighborhoods Since 2000

Wellesley, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Wellesley Housing Market Information

With 29,000 people, 8,561 houses or apartments, and a median cost of homes of $1,285,328, Wellesley house prices are not only among the most expensive in Massachusetts, Wellesley real estate also is some of the most expensive in all of America.

Wellesley is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Wellesley than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wellesley. Owner-occupied housing accounts for 70.20% of Wellesley's homes, and 56.96% have either three or four bedrooms, which is average sized relative to America.

The housing in Wellesley was primarily built before 1939 ( 37.60%), making the housing stock in Wellesley some of the oldest overall in America, although there is a range of ages of homes in Wellesley. The next most important housing age is between 1940-1969 ( 37.31%), followed by between 1970-1999 ( 15.24%). There's also some housing in Wellesley built between 2000 and later ( 9.85%).

Wellesley Home Appreciation Rates

In the last 10 years, Wellesley has experienced some of the highest home appreciation rates of any community in the nation. Wellesley real estate appreciated 26.22% over the last ten years, which is an average annual home appreciation rate of 2.36%, putting Wellesley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wellesley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Wellesley's appreciation rate, at 5.04%, has been at or slightly above the national average. In the latest quarter, Wellesley's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Massachusetts, our data show that Wellesley's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Wellesley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wellesley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Wellesley real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,198,000 43.0
$898,001 - $1,198,000 26.9
$599,001 - $898,000 20.8
$479,001 - $599,000 4.2
$360,001 - $479,000 1.4
$240,001 - $360,000 1.6
$120,001 - $240,000 1.2
$60,001 - $120,000 0.4
$0 - $60,000 0.4

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
0.638696824094691 0.641025641025641

Number Of Homes And Apartments:

Wellesley Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
72.54% 3.21% 9 9
* 10 is highest

Rent & Ownership


Average Market Rent:
$3,095 / per month

Homeownership Rate

Owners 70.20
Renters 29.80
Vacant 5.58

Housing Market Details


Age of Homes

AGE OF Wellesley HOMES
2000 or Newer 9.8
1970 - 1999 15.2
1940 - 1969 37.3
1939 or Older 37.6

Types of Homes

Single-Family 82.5
Townhomes 2.4
Small Apt. Buildings 4.3
Apt. Complexes 10.7
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 1.81
1 Bedroom 4.04
2 Bedrooms 13.95
3 Bedrooms 26.48
4 Bedrooms 30.48
5 or more bedrooms 23.24