Is Belmont, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Belmont has remained a Seller's Market.
Housing Prices in Belmont, CA
How much do homes in Belmont, CA cost?
Median Sold Price
$2,100,000
$1,165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Belmont was $2,100,000 in March 2024, down 1.3% from last year, and the median price per square foot was $1,165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $618K | $550K | -11.0% |
2 Bedrooms | $1.4M | $1.4M | -4.7% |
3 Bedrooms | $2.0M | $1.9M | -2.5% |
4 Bedrooms | $2.8M | $2.7M | -5.9% |
5+ Bedrooms | $2.8M | $2.7M | -2.6% |
Summary: Belmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
Foster City | $1.5M | $1.5M | +2.6% |
Redwood City | $1.8M | $1.8M | +1.2% |
San Mateo | $1.4M | $1.5M | 0.2% |
San Carlos | $2.1M | $2.1M | 0.0% |
Belmont | $2.1M | $2.1M | -1.3% |
Housing Supply in Belmont, CA
How many homes are available in Belmont, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 50 | +47.1% |
Summary: The Belmont real estate market had 50 homes for sale in March 2024, a 47.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 4 | +300.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 14 | 20 | +42.9% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Belmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 16 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Belmont in March 2024, up by 100.0% month-over-month. Of the 16 sold homes, 13% were sold under asking, 19% were sold at asking, and 69% were sold over asking.
Days on Market for Belmont, CA
How long does it take to sell a home in Belmont, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 12 Days | -30.8% |
Summary: Homes in Belmont had an average of 12 days on market in Mar 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Belmont; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.