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

Housing Market Conditions



Gauge showing Belmont is a seller's market


Difference Since June 2023

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.

Housing Prices in Belmont, MA

How much do homes in Belmont, MA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since June 2023


Key Takeaway

Homes in Belmont have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Belmont was $1,300,000 in June 2024, up 5.4% from last year, and the median price per square foot was $597.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $410K$485K
2 $648.7K$697K
3 $1.1M$1.2M
4 $1.3M$1.5M
5+ $1.4M$1.7M

Summary: Belmont housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 19.3%.

Median Sold Price Compared To Nearby Cities

Watertown Town

Housing Supply in Belmont, MA

How many homes are available in Belmont, MA?

Number of Homes For Sale

May 2024Jun 2024CHANGE

Summary: The Belmont real estate market had 96 homes for sale in June 2024, a 7.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 22
2 1013
3 2226
4 2923
5+ 2632

Summary: The Belmont housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes increased by 23.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belmont, you could pay more than the asking price. 73.1% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Belmont in June 2024, up by 8.3% month-over-month. Of the 26 sold homes, 12% were sold under asking, 15% were sold at asking, and 73% were sold over asking.

Days on Market for Belmont, MA

How long does it take to sell a home in Belmont, MA?

Average Sale Time

Jun 2023Jun 2024CHANGE
22 Days19 Days-11.0%

Summary: Homes in Belmont had an average of 19 days on market in Jun 2024, down by 11% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 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.

Summary: During June 2024, 26 homes were sold in Belmont; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 19 Days Ago

Newest Listings in Belmont, MA

Nearby Markets to Belmont, MA

What housing markets are near Belmont, MA?