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Is Wellesley a Good Place to Live?

Posted on 22. Aug, 2012 by in Everything Else


 

Just 12 miles west of Boston, nestled between Natick and I-95, is the town of Wellesley, Massachusetts.  Known predominantly for its colleges and excellent school system, there is more to this small New England town than just a strong academic record.  While it boasts that an impressive 75.89% of the adults living there have earned at least a 4-year college degree (as compared to the national average of 19.23%), Wellesley is also home to renowned artists, famed designers, and large corporations.

The real estate market in Wellesley is active, for sure, but it also comes in at a higher price point than other Boston suburbs.  At present, there are more than 100 active properties for sale on Territory.com (most of which are single family homes), showing a strong inventory in Wellesley; however, the average number of days on the market is 144.  With that said, there are a few—very few—condos listed, but they are certainly going to be a bit harder to find if that is what you are in the market for.  The listings range from $299,900 to $14.5M and the average listing price hovers above $1M.  So, while this college community is ideal for its proximity to Boston, access to I-95 and points south, it may not be as affordable as neighboring Natick or Needham.  But, that’s up for the buyer to decide.  And, to help you do that, here are a few Wellesley highlights:

Real Estate Market Facts:

1/1/2004-1/1/2005

    • 384 Properties sold
    • Median sale price was $1,122,104
    • Homes sold at an average of 95% of their list price

1/1/2011-1/1/2012

    • 283 Properties sold
    • Median sale price was $1,249,963
    • Homes sold at an average of 92% of their list price

Restaurants and Eateries:

Things to Do/See:

Festivals/Fairs/Activities:

Fun Facts:

  • Average Commute time for residents is 26 minutes.
  • Wellesley is 24.7 square miles
  • As of 2010 27,982 residents

Notable Residents:

Schools:

If you do choose to call Wellesley home, you are sure to find ways to plug into the community right away.  They even have a Wellesley Newcomer’s Club that one can join.

Feel free to call us if you would like to learn more about the Wellesley market.  Or, if you would like to check out all of what Wellesley has to offer right now, browse through our listings here.

 

 

 

 

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