$10,000 Closing Credit*
$895,000
987 SqFt
3 Beds
•2 Full Baths
#73303989, Nathan Long, Listing Office: Coldwell Banker Realty - Cambridge
Is Belmont, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$1,325,001
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$97,501(+7.9%)
Key Takeaway
Homes in Belmont have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Belmont was $1,325,001 in September 2024, up 7.9% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $787.5K | +85.3% |
| 2 Bedrooms | $675K | $725K | +7.4% |
| 3 Bedrooms | $1.1M | $1.2M | +8.4% |
| 4 Bedrooms | $1.3M | $1.4M | +5.6% |
| 5+ Bedrooms | $1.4M | $1.7M | +17.2% |
Summary: Belmont housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Belmont | $1.2M | $1.3M | +7.9% |
| Waltham | $737.5K | $786.9K | +6.7% |
| Watertown | $814.3K | $849.9K | +4.4% |
| Watertown Town | $813.7K | $849.9K | +4.4% |
| Arlington | $1.0M | $1.0M | +1.9% |
Housing Supply in Belmont, MA
How many homes are available in Belmont, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 70 | 74 | +5.7% |
Summary: The Belmont real estate market had 74 homes for sale in September 2024, a 5.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 3 | -62.5% |
| 3 Bedrooms | 19 | 24 | +26.3% |
| 4 Bedrooms | 15 | 24 | +60.0% |
| 5+ Bedrooms | 27 | 22 | -18.5% |
Summary: The Belmont housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 62.5%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 18.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 16 | -38.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
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.
Summary: A total of 16 homes were sold or pending in Belmont in September 2024, down by 38.5% month-over-month. Of the 16 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 27 Days | 25 Days | -6.9% |
Summary: Homes in Belmont had an average of 25 days on market in Sep 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belmont are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 16 homes were sold in Belmont; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
