Belmont, MA

Belmont, MA


Belmont, Massachusetts is located 8 miles northwest of downtown Boston, MA on 4.6 square miles of land. Settled in 1630 and incorporated as a town in 1859, Representative Town Meeting is the style of governance. With a population of 24,729 residents, average household size is 2.54 persons and median household income s $ 105,859. Of 10,184 total housing units, 60% are owner-occupied, 35% rented and 5% vacant. Of 242 residential properties sold in 2016; 50% were Single Family, 40% Condominium and 10% Multi-Family. Fiscal year 2018 residential tax rate = 12.15%.

Sources: U.S. Census Bureau 2010-2014; Town of Belmont, MA; MLS Pinergy®

Residential Sales: Belmont, MA

Comparison of Homes Sold

Year End 2016 & 2017 (January 1 – December 31) and 2018 Year To Date as of September 30, 2018

# SoldAvg. Sale $Median Sale $SP:OP
Condo
YE 201698$613,094$525,000100%
YE 201770$668,489$601,750101%
YTD 201859$717,117$673,000102%
Single Family
YE 2016121$1,126,053$1,010,000101%
YE 2017140$1,169,413$1,039,000101%
YTD 2018116$1,326,544$1,119,500105%
Multi-Family
YE 201623$862,496$859,000101%
YE 201737$947,811$930,000$103%
YTD 201823$1,025,261$1,000,000104%

SP:OP = Sales Price to Original Price Ratio.  Data Source: MLS Pinergy®
©2018 Intellectual property of Tamela Roche, all rights reserved.

Residential Inventory: Belmont, MA

Year End 2016 – 2017 Comparison of Homes Listed for Sale (January 1 – December 31)

YE 2016YE 2017% Change
Condo:11586- 25 %
Single-Family:152142- 7 %
Multi-Family3436+ 6 %

Data Source: MLS Pinergy®
©2018 Intellectual property of Tamela Roche, all rights reserved.


Contact Tamela to schedule a Professional Marketing Consultation for the sale of your home or a Home Buyer Consultation to begin your new home search. All Clients receive the Residential Market Analysis® by Tamela with comprehensive market data and home sale trends from the past ten years.