$8,609 Closing Credit*
$725,000
907 SqFt
2 Beds
•1 Full Bath
#73314450, Wayne Terrio, Listing Office: Coldwell Banker Realty - Cambridge
Is Belmont, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, MA
How much do homes in Belmont, MA cost?
Median Sold Price
$1,358,000
$607/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$133,000(+10.9%)
Key Takeaway
Homes in Belmont have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Belmont was $1,358,000 in October 2024, up 10.9% from last year, and the median price per square foot was $607.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $787.5K | +85.3% |
| 2 Bedrooms | $670K | $730K | +9.0% |
| 3 Bedrooms | $1.1M | $1.2M | +9.0% |
| 4 Bedrooms | $1.4M | $1.5M | +6.8% |
| 5+ Bedrooms | $1.5M | $1.7M | +11.1% |
Summary: Belmont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.3%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Belmont | $1.2M | $1.3M | +10.9% |
| Waltham | $753K | $781K | +3.7% |
| Arlington | $992.5K | $1.0M | +2.9% |
| Watertown Town | $829.5K | $842K | +1.5% |
| Watertown | $832K | $842K | +1.2% |
Housing Supply in Belmont, MA
How many homes are available in Belmont, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 76 | +5.6% |
Summary: The Belmont real estate market had 76 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The Belmont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belmont, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Belmont in October 2024, up by 5.9% month-over-month. Of the 18 sold homes, 39% were sold under asking, 6% were sold at asking, and 56% were sold over asking.
Days on Market for Belmont, MA
How long does it take to sell a home in Belmont, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 21 Days | -36.9% |
Summary: Homes in Belmont had an average of 21 days on market in Oct 2024, down by 36.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Belmont are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Belmont; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
