Belmont Real Estate Market Trends
Market Overview for Quarter 3, 2024
Median Sale Price
3.3% YoY
Median Price/Sqft
6.6% YoY
No. of Transactions
77.1% YoY
County Median Sale Price
4.2% YoY
In Q3, the median home sale price in Belmont was $2.2M, a change of just 3.3% year-over-year. A total of 62 properties changed hands, up 77.1% compared to the same period last year. In Q3, the median price per square foot was $1K, a change of 6.6% Y-o-Y. Meanwhile, the median sale price for San Mateo County homes was $1.6M.
Sales information for last quarter cannot be displayed due to insufficient recorded transactions. The available data does not meet the minimum threshold required for reliable and accurate data representation.
Top Cities in San Mateo County
| Ranking | City | Median Sale Price |
|---|---|---|
| 1 | Atherton | $7,325,000 |
| 2 | Hillsborough | $5,174,500 |
| 3 | Menlo Park | $2,800,000 |
| 4 | Burlingame | $2,800,000 |
| 5 | Belmont | $2,170,000 |
| 6 | San Carlos | $1,809,000 |
| 7 | Redwood City | $1,801,000 |
| 8 | Millbrae | $1,780,000 |
| 9 | San Mateo | $1,645,000 |
| 10 | Half Moon Bay | $1,589,000 |
| 11 | Foster City | $1,558,000 |
| 12 | South San Francisco | $1,260,000 |
| 13 | Pacifica | $1,207,500 |
| 14 | San Bruno | $1,150,000 |
| 15 | Daly City | $1,100,000 |
Residential Property Types Sold in Belmont
| Property Type | Median Sale Price | Y-o-Y Change | Median Sale Price/Sq. Ft | Y-o-Y Change | Transactions |
|---|---|---|---|---|---|
| Condo | $969K | -29.7% | $818 | -13% | 10 |
| House | $2.4M | 7.6% | $1K | 4.4% | 52 |
The median sale price for houses in Belmont in Q3 was $2.4M, up 7.6% year-over-year (Y-o-Y). By contrast, the median sale price for condos in Belmont was trending down at -29.7% year-over-year, closing Q3 at $969K.
Discover market trends in other cities in San Mateo County
Discover market trends in other popular cities across the U.S
Fair use and redistribution
We encourage and freely grant you permission to reuse and repost the information, charts and images found in this report. When doing so, we only ask that you link back to this page, or PropertyShark.com.
Disclaimer
PropertyShark.com provides commercial market trend information (Data) on an "as is" basis for the user's personal use. Data comes from publicly available sources which can be out of date. PropertyShark.com provides no warranties regarding title, merchantability, or fitness for a particular purpose. While reasonable efforts are made toward maintaining a high standard of quality of information, PropertyShark.com does not warrant the accuracy, completeness, timeliness or other characteristics of the Data.