Weston Most Expensive Housing Market in the State, Near Top in the Country
Weston ranks among the top 15 most expensive places to buy a home in the country.
Sit down before hearing this news. It's official: Homes in Weston are expensive.
In fact, they're at the peak of the housing market mountain in the state of Massachusetts.
In this year's edition of Coldwell Banker's national Home Listing Report, released Thursday, Nov. 29, the average price of a typical four bedroom, two bath home is listed at $292,152.
When it comes to Weston, however, that price skyrockets to $1,105,692, which makes it the most expensive home market in the Commonwealth and the 14th most expensive in the country.
This year’s report analyzes more than 72,000 home listings in more than 2,500 U.S. markets, comparing the listing prices of similar homes in markets across the country from January 2012 to June 2012, according to Coldwell Banker.
Perhaps not surprisingly, Wellesley is just slightly more affordable than Weston, coming in with an average price for of $966,950 to claim the second most expensive spot on the state list.
Adjacent Wayland is also near the top of the list. Among the 116 Massachusetts communities included in the rankings, Wayland ranks at the 20th most expensive, with an average price of $679,603.
With Weston's high cost housing market comes an upscale community with the median household income topping out at just under $160,000. Even with that soaring income number, the community is fairly young, with the median household age at 35 and 42 percent having children living at home.