Wellesley, MA Local Area Information

About Area

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. Wellesley's population grew by over 80 percent during the 1920s. The town designated Cottage Street and its nearby alleys as the historic district in its zoning plan. Most houses in this district were built around the 1860s and qualify as protected buildings certified by the town's historic commission. Central Street in Wellesley Square, looking west Wellesley is located in eastern Massachusetts. It is bordered on the east by Newton, on the north by Weston, on the south by Needham and Dover and on the west by Natick. According to the United States Census Bureau, the town has a total area of 10.49 square miles (27,200 km), of which, 10.18 square miles (26,400 km) is land and .32 square miles (830 km) is water Courtesy of http://en.wikipedia.org

Real Estate Market Stats

Zillow Home Value Index: $1,272,500

Zillow Home Value Index

Owners vs. Renters

Home Size in Square Feet

Year Built

Local National
Zillow Home Value Index $1,272,500 $220,100
Median Single Family Home Value $1,283,500 $219,100
Median Condo Value $641,900 $230,500
Median 2-Bedroom Home Value $759,400 $169,400
Median 3-Bedroom Home Value $945,500 $212,900
Median 4-Bedroom Home Value $1,314,700 $340,600
Percent Homes Decreasing 25.1% 23%
Percent Listing Price Reduction 26.1% 17.3%
Median List Price Per Sq Ft $514 $136
Median List Price $1,650,000 $275,000
Median Sale Price $1,248,600 $2,592,598
Homes For Sale 114 2,592,598
Homes Recently Sold 114 2,592,598
Property Tax 114 2,592,598
Turnover (Sold Within Last Yr.) 114 2,592,598
Median Value Per Sq Ft $548 $150
1-Yr. Change 2.7% 7.6%
Homes For Sale By Owner 1 106,254
New Construction 13 219,056
Foreclosures 0 14,039

Walk Score

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