$10,000 Closing Credit*
$2,299,000
3,695 SqFt
4 Beds
•3 Full Baths, 1 Partial
#73319836, Maureen Mulrooney, Listing Office: RE/MAX Real Estate Center
Is Belmont, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,350,000
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$110,000(+8.9%)
Key Takeaway
Homes in Belmont have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Belmont was $1,350,000 in November 2024, up 8.9% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $787.5K | +85.3% |
| 2 Bedrooms | $680K | $725K | +6.6% |
| 3 Bedrooms | $1.1M | $1.2M | +7.5% |
| 4 Bedrooms | $1.5M | $1.4M | -4.3% |
| 5+ Bedrooms | $1.6M | $1.6M | +0.8% |
Summary: Belmont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Belmont | $1.2M | $1.3M | +8.9% |
| Waltham | $750.3K | $800K | +6.6% |
| Arlington | $992.5K | $1.0M | +4.6% |
| Watertown Town | $835.3K | $842.5K | +0.9% |
| Watertown | $836.3K | $842.5K | +0.7% |
Housing Supply in Belmont, MA
How many homes are available in Belmont, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 64 | -20.0% |
Summary: The Belmont real estate market had 64 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 25 | 20 | -20.0% |
| 4 Bedrooms | 23 | 15 | -34.8% |
| 5+ Bedrooms | 28 | 25 | -10.7% |
Summary: The Belmont housing inventory by bedroom type for November 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 20%, 4 bedroom homes decreased by 34.8%, and 5+ bedroom homes decreased by 10.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belmont, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Belmont in November 2024, up by 4.8% month-over-month. Of the 22 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 45 Days | +7.8% |
Summary: Homes in Belmont had an average of 45 days on market in Nov 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Belmont has remained consistent over time.
Summary: During November 2024, 22 homes were sold in Belmont; 41% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
