Is Belmont, NC 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, NC
How much do homes in Belmont, NC cost?
Median Sold Price
$418,027
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Belmont have sold for 5% less than they did a year ago.
Summary: The median home sold price in Belmont was $418,027 in April 2024, down 5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $290K | $279.9K | -3.5% |
| 3 Bedrooms | $380K | $375K | -1.3% |
| 4 Bedrooms | $530K | $617.4K | +16.5% |
| 5+ Bedrooms | $539.9K | $785K | +45.4% |
Summary: Belmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 45.4%.
Median Sold Price Compared To Nearby Cities
| Mount Holly | $345K | $346.2K | 0.4% |
| South Point Township | $374.9K | $375.2K | 0.1% |
| Cramerton | $358.5K | $345K | -3.8% |
| Belmont | $440K | $418K | -5.0% |
Housing Supply in Belmont, NC
How many homes are available in Belmont, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 141 | 147 | +4.3% |
Summary: The Belmont real estate market had 147 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 76 | 77 | +1.3% |
| 4 Bedrooms | 30 | 32 | +6.7% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Belmont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 46 | +35.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belmont, you may be able to get a good deal. 34.8% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Belmont in April 2024, up by 35.3% month-over-month. Of the 46 sold homes, 35% were sold under asking, 35% were sold at asking, and 30% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 18 Days | -1.8% |
Summary: Homes in Belmont had an average of 18 days on market in Apr 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
1 Home Was 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 April 2024, 46 homes were sold in Belmont; 89% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.