Is Belmont, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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, NC
How much do homes in Belmont, NC cost?
Median Sold Price
$417,666
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Belmont have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Belmont was $417,666 in June 2024, down 3.1% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $277.5K | $284.9K | +2.7% |
| 3 Bedrooms | $375K | $378K | +0.8% |
| 4 Bedrooms | $550K | $620K | +12.7% |
| 5+ Bedrooms | $600K | $767K | +27.8% |
Summary: Belmont housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Cramerton | $345K | $369K | +7.0% |
| South Point Township | $368K | $381K | +3.5% |
| Mount Holly | $348.1K | $344.5K | -1.0% |
| Belmont | $430.8K | $417.6K | -3.1% |
Housing Supply in Belmont, NC
How many homes are available in Belmont, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 180 | 187 | +3.9% |
Summary: The Belmont real estate market had 187 homes for sale in June 2024, a 3.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 99 | 101 | +2.0% |
| 4 Bedrooms | 43 | 48 | +11.6% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
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 decreased by 6.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belmont, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Belmont in June 2024, up by 7.3% month-over-month. Of the 44 sold homes, 64% were sold under asking, 14% were sold at asking, and 23% were sold over asking.
Days on Market for Belmont, NC
How long does it take to sell a home in Belmont, NC?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 27 Days | +16.6% |
Summary: Homes in Belmont had an average of 27 days on market in Jun 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 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 June 2024, 44 homes were sold in Belmont; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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