From 2018 to 2019 in Belmont, MA the average sale prices for Condominiums increased 7% to $761,818; decreased 1% to $1,276,055 for Single Family homes; and decreased 8% to $959,011 for Multi-Family homes.  Market trends only come into focus when we consider changes over the short term and long term.

Belmont Condo Sale Price History

  • From 2017 to 2018 the average sale price for Belmont Condominiums increased 6%
  • During the prior 5-year trend (2014 through 2018) the average sale price increased 24%

The Belmont Condominium average sale price in 2015 was $612,111 and increased significantly in 2019 to $761,818 resulting in the average sale price increase of 24% (current 5-year trend).

Read more about Belmont MA Condominium Market Statistics 

Belmont Single Family Sale Price History

  • From 2017 to 2018 the average sale price for Belmont Single Family homes increased 10%
  • During the prior 5-year trend (2014 through 2018) the average sale price increased 26%

The Belmont Single Family average sale price in 2015 was $1,055,059 and increased significantly in 2019 to $1,276,055 resulting in the average sale price increase of 21% (current 5-year trend).

Read more about Belmont MA Single Family Market Statistics

Belmont Multi-Family Sale Price History

  • From 2017 to 2018 the average sale price for Belmont Multi-Family homes decreased 9%
  • During the prior 5-year trend (2014 through 2018) the average sale price increased 38%

The Belmont Multi-Family average sale price in 2015 was $807,727 and increased significantly in 2019 to $959,011 resulting in the average sale price increase of 19% (current 5-year trend).

Read more about Belmont MA Multi-Family Market Statistics 

Average Sale Price Trends

The average sale price trends are just one of several market factors to consider carefully when determining fair market value for the sale of your current home or to purchase a new home.  Every home is unique; sale price trends provide a high-level view of market activity but further analysis about the specific characteristics of a home is needed in order to determine the fair market value.

Tamela Roche, RealtorContact Tamela today to better understand the current and historical market trends for Condominium, Single Family, and Multi-Family homes in Arlington, Belmont, Cambridge, Medford, Somerville, and nearby cities and towns in greater Boston, Massachusetts.

About Tamela Roche, Realtor

 

 

 

©2020 Tamela Roche, all rights reserved.  Data Source:  MLS Property Information Network, Inc.