Is Belmont, MA 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 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

$1,300,000

$597/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$67,000(+5.4%)

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
+18.3%
2 $648.7K$697K
+7.4%
3 $1.1M$1.2M
+6.4%
4 $1.3M$1.5M
+15.4%
5+ $1.4M$1.7M
+19.3%

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

Waltham
+9.9%
Arlington
+5.6%
Belmont
+5.4%
Watertown Town
+0.8%
Watertown
0.5%

Housing Supply in Belmont, MA

How many homes are available in Belmont, MA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
8996+7.9%

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
0.0%
2 1013
+30.0%
3 2226
+18.2%
4 2923
-20.7%
5+ 2632
+23.1%

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
2426+8.3%

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

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