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
| # Sold | Avg. Sale $ | Median Sale $ | SP:OP | |
| Condo | ||||
| YE 2016 | 98 | $613,094 | $525,000 | 100% |
| YE 2017 | 70 | $668,489 | $601,750 | 101% |
| YTD 2018 | 59 | $717,117 | $673,000 | 102% |
| Single Family | ||||
| YE 2016 | 121 | $1,126,053 | $1,010,000 | 101% |
| YE 2017 | 140 | $1,169,413 | $1,039,000 | 101% |
| YTD 2018 | 116 | $1,326,544 | $1,119,500 | 105% |
| Multi-Family | ||||
| YE 2016 | 23 | $862,496 | $859,000 | 101% |
| YE 2017 | 37 | $947,811 | $930,000 | $103% |
| YTD 2018 | 23 | $1,025,261 | $1,000,000 | 104% |
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 2016 | YE 2017 | % Change | |
| Condo: | 115 | 86 | - 25 % |
| Single-Family: | 152 | 142 | - 7 % |
| Multi-Family | 34 | 36 | + 6 % |
Data Source: MLS Pinergy®
©2018 Intellectual property of Tamela Roche, all rights reserved.
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