$6,116 Closing Credit*
$515,000
1,310 SqFt
4 Beds
•2 Full Baths
Listing Office: Humrickhouse Realty LLC
Is Belmont, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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, NC
How much do homes in Belmont, NC cost?
Median Sold Price
$633,200
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$46,800(-6.9%)
Key Takeaway
Homes in Belmont have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Belmont was $633,200 in August 2024, down 6.9% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $405K | $455.5K | +12.5% |
| 3 Bedrooms | $589K | $597.6K | +1.5% |
| 4 Bedrooms | $850K | $745K | -12.4% |
| 5+ Bedrooms | $2.0M | $1.3M | -32.9% |
Summary: Belmont housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 32.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Villa Heights | $546.5K | $670K | +22.6% |
| Plaza Midwood | $752.5K | $840K | +11.6% |
| Optimist Park | $539K | $578.5K | +7.3% |
| Belmont | $680K | $633.2K | -6.9% |
| First Ward | $371.2K | $305K | -17.8% |
Housing Supply in Belmont, NC
How many homes are available in Belmont, NC?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Belmont real estate market had 19 homes for sale in August 2024, a 13.6% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Belmont housing inventory by bedroom type for August 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 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belmont, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Belmont in August 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 30 Days | 44 Days | +46.2% |
Summary: Homes in Belmont had an average of 44 days on market in Aug 2024, up by 46.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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 August 2024, 5 homes were sold in Belmont; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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