Home Values

Wellesley Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$1,115,200

  • 12.3% 1-year change
  • 2.8% 1-year forecast

The median home value in Wellesley is $1,115,200. Wellesley home values have gone up 12.3% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Wellesley is $503, which is higher than the Boston Metro average of $225. The median price of homes currently listed in Wellesley is $1,495,000 while the median price of homes that sold is $1,198,475.

Foreclosures will be a factor impacting home values in the next several years. In Wellesley 0.7 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Wellesley is 2.8%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Wellesley homeowners underwater on their mortgage is 2.2%, which is lower than Boston Metro at 10.6%.

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Relative ZHVI
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Wellesley Market Overview

Data through Oct 31, 2014
  • $1,115,200 ZHVI
  • 2.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $1,495,000 Median listing price
  • No recent data Median sale price
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Wellesley Market Health

Data through Oct 31, 2014
  • 9.7/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 2.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Weston $1,313,100
Town of Dover $931,800
Newton $821,300
Name Median ZHVI
Needham $755,300
Sherborn $738,500
Wayland $638,200
Name Median ZHVI
Westwood $616,700
Natick $445,800
Waltham $432,900

Listings & Sales

Data through Oct 31, 2014
  • $503 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 46.9% Listings with price cut
8.3%
Sold below listing
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Wellesley Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,135 Boston Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $2.00 Rent list price / sq ft
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