$249,900
51.57 Acres
Land
Alisa R Rizzo, Listing Office: Sulek & Experts Real Estate
Is Belmont, OH 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 Buyer'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, OH
How much do homes in Belmont, OH cost?
Median Sold Price
$228,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,250(+10.8%)
Key Takeaway
Homes in Belmont have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Belmont was $228,000 in October 2024, up 10.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $163K | +71.6% |
| 3 Bedrooms | $185.5K | $168K | -9.4% |
| 4 Bedrooms | $190.7K | $551K | +188.8% |
| 5+ Bedrooms | $530K | $1.6M | +211.3% |
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 71.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 188.8%, and 5+ bedroom homes increased by 211.3%.
Median Sold Price Compared To Nearby Cities
| Belmont | $205.7K | $228K | +10.8% |
| Goshen Township | $227K | $145.9K | -35.7% |
Housing Supply in Belmont, OH
How many homes are available in Belmont, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Belmont real estate market had 12 homes for sale in October 2024, a 9.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
3 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 3 homes were sold or pending in Belmont in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 103 Days | 92 Days | -10.0% |
Summary: Homes in Belmont had an average of 92 days on market in Oct 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Belmont are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Belmont; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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