Is Belmont, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Belmont has remained a Seller's Market.
Housing Prices in Belmont, OH
How much do homes in Belmont, OH cost?
Median Sold Price
$146,950
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Belmont was $146,950 in May 2024, up 8.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $75K | +36.4% |
2 Bedrooms | $117.3K | $132.5K | +12.9% |
3 Bedrooms | $144.5K | $160.4K | +11.0% |
4 Bedrooms | $162.5K | $200K | +23.1% |
5+ Bedrooms | $196K | $225K | +14.8% |
Summary: Belmont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Neighborhoods
Hearthstone | $122K | $133.5K | +9.4% |
Belmont | $134.9K | $146.9K | +8.9% |
Linden Heights | $135K | $145K | +7.4% |
Walnut Hills | $135K | $131.1K | -2.9% |
Housing Supply in Belmont, OH
How many homes are available in Belmont, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 43 | +16.2% |
Summary: The Belmont real estate market had 43 homes for sale in May 2024, a 16.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Belmont housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Belmont in May 2024, up by 70.0% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.
Days on Market for Belmont, OH
How long does it take to sell a home in Belmont, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 58 Days | +63.9% |
Summary: Homes in Belmont had an average of 58 days on market in May 2024, up by 63.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Belmont; 24% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.