Wellesley MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Wellesley Housing Market Information

With 29,673 people, 8,654 houses or apartments, and a median cost of homes of $1,470,559, 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.

The large homes that make up Wellesley are primarily owner-occupied ( 69.19%).

The housing in Wellesley was primarily built before 1939 ( 36.68%), 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 ( 34.32%), followed by between 1970-1999 ( 14.98%). There's also some housing in Wellesley built between 2000 and later ( 14.02%).

Wellesley Home Appreciation Rates

Appreciation rates for homes in Wellesley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 41.47%, which ranks in the top 30% nationwide. This equates to an annual average Wellesley house appreciation rate of 3.53%.

Over the last year, Wellesley appreciation rates have trailed the rest of the nation. In the last twelve months, Wellesley's appreciation rate has been 4.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wellesley were at 1.20%, which equates to an annual appreciation rate of 4.87%.

Relative to Massachusetts, our data show that Wellesley's latest annual appreciation rate is lower than 60% 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:
$1,470,559

Wellesley, MA HOME PRICES

Value Range
> $1,163,000 55.8
$873,001 - $1,163,000 25.9
$581,001 - $873,000 12.1
$465,001 - $581,000 2.3
$349,001 - $465,000 1.0
$233,001 - $349,000 1.2
$116,001 - $233,000 1.1
$58,001 - $116,000 0.1
$0 - $58,000 0.5

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
0.513868613138686 0.32051282051282

Number Of Homes And Apartments:
8,654

Wellesley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
88.12% 3.17%
8
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,670 / per month

Homeownership Rate

Homeownership
Owners 69.19
Renters 30.81
Vacant 4.72

Housing Market Details

 

Age of Homes

AGE OF Wellesley HOMES
2000 or Newer 14.0
1970 - 1999 15.0
1940 - 1969 34.3
1939 or Older 36.7

Types of Homes

TYPE OF Wellesley HOMES
Single-Family 81.2
Townhomes 3.5
Small Apt. Buildings 4.7
Apt. Complexes 10.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Wellesley HOMES
No Bedroom 1.14
1 Bedroom 5.60
2 Bedrooms 12.80
3 Bedrooms 22.61
4 Bedrooms 33.27
5 or more bedrooms 24.56