$2,375 Closing Credit*
$200,000
784 SqFt
2 Beds
•1 Full Bath
Morshad Hossain, Listing Office: EXP Realty, LLC
Is Belmont, PA 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 Neutral 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, PA
How much do homes in Belmont, PA cost?
Median Sold Price
$118,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$38,000(-24.4%)
Key Takeaway
Homes in Belmont have sold for 24.4% less than they did a year ago.
Summary: The median home sold price in Belmont was $118,000 in October 2024, down 24.4% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $107.5K | -46.3% |
| 3 Bedrooms | $150K | $180K | +20.0% |
| 4 Bedrooms | $150K | $77K | -48.7% |
| 5+ Bedrooms | $175K | $102.5K | -41.4% |
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 decreased by 46.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 48.7%, and 5+ bedroom homes decreased by 41.4%.
Median Sold Price Compared To Nearby Neighborhoods
| West Philadelphia | $179.9K | $183.6K | +2.1% |
| Parkside | $143K | $145K | +1.4% |
| Mantua | $215K | $180K | -16.3% |
| Belmont | $156K | $118K | -24.4% |
Housing Supply in Belmont, PA
How many homes are available in Belmont, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The Belmont real estate market had 21 homes for sale in October 2024, a 8.7% decrease 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 | 2 | -50.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
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 decreased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was 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 1 homes were sold or pending in Belmont in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Belmont, PA
How long does it take to sell a home in Belmont, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 48 Days | +433.3% |
Summary: Homes in Belmont had an average of 48 days on market in Oct 2024, up by 433.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Belmont has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Belmont; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
