Is Belmont, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,267,500
$589/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Belmont have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Belmont was $1,267,500 in April 2024, up 3.3% from last year, and the median price per square foot was $589.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $485K | +18.3% |
| 2 Bedrooms | $650K | $684.5K | +5.3% |
| 3 Bedrooms | $1.1M | $1.2M | +7.0% |
| 4 Bedrooms | $1.3M | $1.5M | +13.2% |
| 5+ Bedrooms | $1.6M | $1.6M | +4.4% |
Summary: Belmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Waltham | $706.6K | $780K | +10.4% |
| Arlington | $984.3K | $1.0M | +4.1% |
| Belmont | $1.2M | $1.2M | +3.3% |
| Watertown | $800.8K | $813.3K | +1.6% |
| Watertown Town | $800K | $812.5K | +1.6% |
Housing Supply in Belmont, MA
How many homes are available in Belmont, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 72 | +30.9% |
Summary: The Belmont real estate market had 72 homes for sale in April 2024, a 30.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 14 | 24 | +71.4% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Belmont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belmont, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Belmont in April 2024, up by 30.8% month-over-month. Of the 17 sold homes, 35% were sold under asking, 0% were sold at asking, and 65% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 23 Days | +13.7% |
Summary: Homes in Belmont had an average of 23 days on market in Apr 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 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 April 2024, 17 homes were sold in Belmont; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
