Wayland Among Most Expensive Housing Markets in the State, Country

Sit down before hearing this news. It's official: Homes in Wayland are expensive. 

In fact, their average cost is among the top 20 most expensive in the state of Massachusetts and among the top 100 in the entire country.

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 Wayland, however, that price jumps dramatically to 679,603, which makes it the 20th most expensive home market in the Commonwealth and the 85th 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, neighboring Weston soared to the top of the list in Massachusetts, with an averge cost of $1,105,692 -- it's a price tag that landed Wayland's neighbor in the 14th spot when it comes to most expensive homes in the country.

Adjacent Sudbury is slightly more expensive than Wayland, coming in at No. 75 in the nation and No. 17 in the state with an average home cost of $703,809.

With Wayland's high cost housing market comes an upscale community with the median household income coming in at 136,542. Even with that substantial income number, the community is fairly young, with the median household age at 36 and 38 percent having children living at home.