Know Your Market: Belmont, Massachusetts Market Statistics

By
Real Estate Agent with Century 21 Commonwealth

In an effort to be knowledgebale of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham, Brighton and Allston. Below are the market statistics in Belmont, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Belmont, MA market statistics weekly on Tuesdays.

Know Your Market: Belmont, MA Market Stats

As you can see, year to date there have been 110 sold single family homes in Belmont with an average of 83 days on market. The year-to-date median sales price is $698,725, which is slightly up from last year's $697,500 at this time. Last year, year-to-date there were 138 sold single family homes with an average market tim of 102 days.

Know Your Market: Belmont, MA MF and CC Market Stats

Belmont, the single family town, does have many multi-family homes and condominiums available to prospective buyers. Currently this year there have been 20 multi-families sold at an average price of $566,578 and 59 condominiums sold at an average price of $452,000. Compared to last year the market has slowed a bit with less sales and lower average sales prices. Last year for condominiums and multi-family homes the average sales prices were $557,418 and $584,422 respectively.

Now would be a great time to get into Belmont at these "discount rates." Many sellers have built up great equity in their home through many years of homeownership, so they are still able to reap the rewards of selling at current market value. If you are interested in learning more about buying opportunities in Belmont or you are interested in a FREE market analysis for your Belmont home, please email me at mark.madden@commonmoves.com

If you are interested in learning about more Market Statistics or would like to be emailed more indepth statistics on a weekly basis for a particular town, please email me at mark.madden@commonmoves.com

Please click here to visit the Know Your Market Archives.

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