Is Belmont, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belmont is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Belmont has remained a Seller's Market.

Key Takeaway

Belmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Belmont, CA cost?

Median Sold Price

$2,337,500

$1,228/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$237,500(+11.3%)

Key Takeaway

Homes in Belmont have sold for 11.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $600K$600K
0.0%
2 $1.4M$1.4M
+6.0%
3 $2.0M$2.2M
+8.9%
4 $2.6M$3.0M
+14.7%
5+ $3.0M$2.8M
-5.0%

Median Sold Price Compared To Nearby Cities

Foster City
+14.4%
Belmont
+11.3%
Redwood City
+7.2%
San Mateo
+2.3%
San Carlos
0.0%

How many homes are available in Belmont, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
4233-21.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 22
0.0%
2 42
-50.0%
3 2018
-10.0%
4 106
-40.0%
5+ 65
-16.7%

Number of Homes Sold

Oct 2022Nov 2022%
146-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belmont, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
11 Days23 Days+111.1%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belmont are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Belmont, CA

There are 33 homes are for sale in Belmont, CA real estate market. The number of listings in Belmont, CA decreased by 21.4% between October 2022 and November 2022. In November 2022 median list price was $2,337,500 and the average listing age was 23 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties stayed the same, the cost of 2 bedrooms properties went up by 6%, prices of 3 bedrooms properties increased by 8.9%, the cost of 4 bedrooms properties went up by 14.7%, the cost of 5 bedrooms properties went down by 5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 50%, number of 3 bedrooms homes decreased by 10%, 4 bedrooms homes became 40% less available, volume of 5 bedrooms homes went down by 16.7%. While more than 2 listings in Belmont, CA in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.

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