$10,000 Closing Credit*
$875,000
2,108 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Helen Adams Realty
Is Belmont, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Belmont was a Seller's Market.
Key Takeaway
Belmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Belmont, NC
How much do homes in Belmont, NC cost?
Median Sold Price
$655,000
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$82,500(-11.2%)
Key Takeaway
Homes in Belmont have sold for 11.2% less than they did a year ago.
Summary: The median home sold price in Belmont was $655,000 in October 2024, down 11.2% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $405K | $485K | +19.8% |
| 3 Bedrooms | $629.9K | $586.7K | -6.9% |
| 4 Bedrooms | $853.7K | $745K | -12.7% |
| 5+ Bedrooms | $2.0M | $1.3M | -34.6% |
Summary: Belmont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.8%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Plaza Midwood | $775K | $833.5K | +7.5% |
| Villa Heights | $572.4K | $611.5K | +6.8% |
| Belmont | $737.5K | $655K | -11.2% |
Housing Supply in Belmont, NC
How many homes are available in Belmont, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Belmont real estate market had 27 homes for sale in October 2024, a 8.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
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 increased by 23.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belmont, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Belmont in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 10 Days | -32.3% |
Summary: Homes in Belmont had an average of 10 days on market in Oct 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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, 2 homes were sold in Belmont; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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