Is Belmont, CA 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.
Housing Prices in Belmont, CA
How much do homes in Belmont, CA cost?
Median Sold Price
$2,022,500
$1,181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belmont was $2,022,500 in April 2024, down 2.2% from last year, and the median price per square foot was $1,181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | $560K | -6.7% |
2 Bedrooms | $1.3M | $1.4M | +4.9% |
3 Bedrooms | $2.0M | $1.9M | -2.6% |
4 Bedrooms | $2.7M | $2.6M | -3.5% |
5+ Bedrooms | $2.8M | $3.6M | +32.1% |
Summary: Belmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 32.1%.
Median Sold Price Compared To Nearby Cities
Foster City | $1.5M | $1.6M | +8.2% |
San Mateo | $1.4M | $1.5M | +1.9% |
Redwood City | $1.8M | $1.8M | +1.3% |
San Carlos | $2.1M | $2.0M | -0.4% |
Belmont | $2.0M | $2.0M | -2.2% |
Housing Supply in Belmont, CA
How many homes are available in Belmont, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 53 | +10.4% |
Summary: The Belmont real estate market had 53 homes for sale in April 2024, a 10.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
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 remained the same, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Belmont in April 2024, up by 17.6% month-over-month. Of the 19 sold homes, 21% were sold under asking, 21% were sold at asking, and 58% were sold over asking.
Days on Market for Belmont, CA
How long does it take to sell a home in Belmont, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 19 Days | -11.2% |
Summary: Homes in Belmont had an average of 19 days on market in Apr 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Belmont; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.