Is Belmont, NC 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 March 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

$402,162

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$37,837(-8.6%)

Key Takeaway

Homes in Belmont have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Belmont was $402,162 in March 2024, down 8.6% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $325K-
N/A
2 $280K$279.9K
0%
3 $380K$373.5K
-1.7%
4 $510K$591.5K
+16.0%
5+ $530K$775.3K
+46.3%

Summary: Belmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 46.3%.

Median Sold Price Compared To Nearby Cities

South Point Township
-2.4%
Mount Holly
-2.4%
Cramerton
-4.2%
Belmont
-8.6%

Housing Supply in Belmont, NC

How many homes are available in Belmont, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
138153+10.9%

Summary: The Belmont real estate market had 153 homes for sale in March 2024, a 10.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1519
+26.7%
3 8179
-2.5%
4 2933
+13.8%
5+ 1322
+69.2%

Summary: The Belmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 69.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4233-21.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belmont, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Belmont in March 2024, down by 21.4% month-over-month. Of the 33 sold homes, 61% were sold under asking, 27% were sold at asking, and 12% 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

Mar 2023Mar 2024CHANGE
39 Days30 Days-22.8%

Summary: Homes in Belmont had an average of 30 days on market in Mar 2024, down by 22.8% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 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 March 2024, 33 homes were sold in Belmont; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% 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 24 Days Ago

Newest Listings in Belmont, NC

Nearby Markets to Belmont, NC

What housing markets are near Belmont, NC?