The Wellesley real estate market continues to evolve, offering important insights for buyers, sellers, and investors. Here’s a look at the latest weekly activity alongside year-over-year trends that highlight how the market has shifted since 2024.
Weekly Market Snapshot (as of August 18, 2025)
Single-Family Homes
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37 homes for sale
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Price range: $949,000 – $9,250,000
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Last week: 0 homes sold
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1 price reduction of $50,000
Condos
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12 for sale (ranging from $699,000 – $3,575,900)
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$1,039 average price per square foot
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2 properties sold in the past week
Rentals
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36 available (ranging from $1,700 – $30,000/month)
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Average $5,328 for a 3-bedroom
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1 rented last week
Year-Over-Year Market Comparison (2024 vs. 2025)
The year-over-year data paints a bigger picture of how the Wellesley market has shifted compared to last summer.
Inventory & Activity
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Active listings: 37 homes (down 5% from 39 in 2024)
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Inventory remains tight, with a 1.63 months supply, down from 1.90 months in 2024.
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Absorption rate rose to 61.5% from 52.6%, showing stronger buyer activity despite fewer listings.
Sales Trends
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193 homes sold year-to-date, up 10% from 175 in 2024
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Average sale price: $2,394,191 (up slightly from $2,369,750 in 2024, +1%)
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Price per square foot: $661 vs. $658 in 2024 (+0.4%)
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Homes are taking longer to sell: 32 days on market, up from 30 last year.
Pricing & Negotiation
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Sellers received 100.5% of list price on average, down from 102.6% in 2024.
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This suggests buyers are negotiating more successfully than they were a year ago.
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Price adjustments are more common: 80 homes reduced prices in 2025, up 23% from 65 in 2024.
What This Means for Buyers & Sellers
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For Buyers:
While inventory is still limited, the rise in price reductions and longer days on market may create strategic opportunities to secure a home below asking. -
For Sellers:
Demand is still strong, but buyers are showing more price sensitivity than last year. Pricing your home strategically from the start is more important than ever to avoid reductions. -
For Investors & Renters:
The rental market remains competitive, with luxury rentals driving up the average. Strong demand continues, especially for family-sized units.
Many people ask me: "What’s the average price per square foot in Wellesley this year?” As of today, that answer is the average price per square foot for single family homes in Wellesley is $660. If you want to know the per square foot price for a certain neighborhood, such as Cliff Estates Wellesley, send me a message and I'll send that right over to you!
Final Thoughts
The Wellesley real estate market remains competitive but is showing early signs of balance compared to 2024. Homes are still selling at strong prices, though buyers are pushing back more on negotiations. Sellers should lean into strategic pricing and standout marketing, while buyers may find hidden opportunities among properties with recent reductions.
✨ Curious about how these trends compare to Needham, Dover, Weston, or other MetroWest towns? I’d be happy to prepare a snapshot tailored to your area of interest.
