The Most Expensive Zip Codes in Massachusetts – Wellesley Hills Joins Newton and Beacon Hill on Top

Quick facts:

  • Boston’s 02108 now the #1 priciest zip code in the state
  • Two Massachusetts zip codes rank among the nation’s most expensive
  • Weston and Nantucket record top sales of the year with eight-figure deals
  • Middlesex County home to 24 of Massachusetts top 50 zips

Following national trends, Massachusetts continued to struggle with low inventory in 2017, with demand pushing price growth to the highest levels in eight years. Prices rose over 5%, while inventory, days on the market, months of supply and new listings all fell according to the Massachusetts Association of Realtors.

There was noticeable price growth across the market’s upper end as well, with 13 out of the top 50 most expensive zip codes in Massachusetts posting median sale prices over the $1 million mark. By comparison, 2016 rankings featured only 10 zips in the +$1 million category.

The state’s top two priciest zips also rank among the nation’s 100 most expensive zip codes, while 2016’s most expensive zip code, didn’t make it into 2017 rankings due to a lack of sales. With a $2.8 million median in 2016, 02199 far outpriced all other Massachusetts zips thanks to a handful of high-priced condo sales in exclusive Back Bay high-rises. In 2017 however, only four properties traded hands here.

Including Boston’s prestigious Beacon Hill neighborhood, 02108 ranked as the #1 most expensive zip code in Massachusetts in 2017.  Bursting with historic homes and upscale mansions, Beacon Hill posted a $1,432,500 median sale price, a slight uptick from 2016 figures. The Suffolk County zip climbed one position in Massachusetts rankings, while on a national level it rose two positions, becoming the #81 priciest zip code in the U.S.

Rising three spots over the course of the year, Wellesley Hills’ 02481 ranks as the #2 most expensive zip code in Massachusetts. With a median sale price of $1,400,000, Wellesley Hills is also the #97 most expensive zip code in the nation. 02481’s rise is thanks to a 9.6% increase in median sale price.

Maintaining its 2016 ranking thanks to a slight uptick in the median sale price, Newton’s 02468 remains the #3 priciest zip code in Massachusetts. The upscale zip boasts a $1,334,500 median price and covers the village of Waban, one of the most affluent communities in the country.

The #1 most expensive sale of the year was recorded in 02493 with 5 Concord Road, Weston, which traded hands for $15,600,000. The 9-bed Georgian boasts 12,589 square feet of living space with 18 acres of grounds that include orchards, gardens – including a perennial English garden –, and park-like grounds. A heated pool, 4,000+ bottle wine cellar, sauna, in-home gym, greenhouse, library, staff quarters, and a 4-car garage are just some of the estate’s pricey features.

2017’s top sale was recorded in 02493, the #4 most expensive zip code in Massachusetts. Slightly up from 2016 levels, 02493’s median sale price clocked in at $1,331,000. The second most expensive sale of the year was recorded in Nantucket’s 02554, which with a $1,240,000 median sale price ranks as the #6 most expensive zip in the Commonwealth.

The #2 most expensive sale of 2017, 13 Squam Road, Nantucket enjoys an enviable oceanfront location in 02554. The 8-bed home comes with a tennis court, pool, a carriage house turned 3-car garage, landscaped gardens, and expansive outdoor living space with perks like a gas firepit. Sold in late August for $15,500,000, 13 Squam Road was outpriced by a mere $100,000 just two weeks later by 5 Concord Road.

Scroll down for the top 50 most expensive zip codes in Massachusetts:

#Zip CodeLocationCountyMedian Sale Price 2017Median Sale Price 2016
102108BostonSuffolk County$1,432,500$1,430,000
202481Wellesley HillsNorfolk County$1,400,000$1,265,000
302468WabanMiddlesex County$1,334,500$1,331,000
402493WestonMiddlesex County$1,331,000$1,327,500
502535ChilmarkDukes County$1,262,500$1,050,000
602554NantucketNantucket County$1,240,000$1,175,000
702142CambridgeMiddlesex County$1,220,000$905,000
802459Newton CenterMiddlesex County$1,207,500$1,050,000
902482WellesleyNorfolk County$1,100,000$1,027,500
1002116BostonSuffolk County$1,075,000$980,000
1102030DoverNorfolk County$1,072,500$935,000
1202467Chestnut HillNorfolk County$1,061,250$924,500
1302110BostonSuffolk County$1,045,000$799,500
1402210BostonSuffolk County$993,750$1,000,000
1502421LexingtonMiddlesex County$987,500$925,000
1602478BelmontMiddlesex County$950,000$850,000
1702420LexingtonMiddlesex County$945,000$937,500
1802109BostonSuffolk County$936,500$799,000
1901890WinchesterMiddlesex County$926,500$853,000
2002462WinchesterMiddlesex County$917,000$865,000
2102492NeedhamNorfolk County$902,500$829,500
2202466AuburndaleMiddlesex County$902,000$795,000
2302460Newton Lower FallsMiddlesex County$893,700$828,000
2401742ConcordMiddlesex County$891,500$794,000
2502465West NewtonMiddlesex County$888,250$805,000
2602458NewtonMiddlesex County$887,500$710,000
2702461Newton HighlandsMiddlesex County$875,000$822,500
2802111BostonSuffolk County$855,000$871,875
2901773LincolnMiddlesex County$850,000$860,000
3002118BostonSuffolk County$835,000$780,000
3101741CarlisleMiddlesex County$820,000$760,000
3202494Needham HeightsNorfolk County$815,000$723,938
3302025CohassetNorfolk County$812,500$725,000
3402445BrooklineNorfolk County$810,000$754,000
3502467Chestnut HillMiddlesex County$802,375$924,500
3602467Chestnut HillSuffolk County$800,000$924,500
3701770SherbornMiddlesex County$796,900$735,500
3801944ManchesterEssex County$787,000$747,500
3902539EdgartownDukes County$778,000$810,000
4002446BrooklineNorfolk County$775,000$750,000
4102140CambridgeMiddlesex County$750,000#N/A
4202043HinghamPlymouth County$747,000$715,000
4302139CambridgeMiddlesex County$735,000$673,750
4402138CambridgeMiddlesex County$732,500$725,000
4502115BostonSuffolk County$724,900$683,500
4602090WestwoodNorfolk County$722,000$650,500
4702650North ChathamBarnstable County$720,735$826,250
4801776SudburyMiddlesex County$709,950$680,000
4902141CambridgeMiddlesex County$682,500$635,000
5002543Woods HoleBarnstable County$680,000#N/A

Methodology:  In order to determine which were the most expensive ZIP codes in Massachusetts, we looked at all residential transactions closed in 2017, taking into account condo, co-op, single- and the two-family homes. All package deals were excluded.

Eliza Theiss

Eliza Theiss

Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. Eliza writes for both PropertyShark and CommercialEdge. Reach her at [email protected]

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