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.  The Fiscal Year 2019 residential tax rate for Belmont, MA is 11.67%.

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

Residential Sales: Belmont, MA

Comparison of Home Sale Prices 2016, 2017, 2018 (January 1 – December 31)

# SoldAvg. Sale $Median Sale $SP:OP
Condo
YE 201698$613,094$525,000100%
YE 201770$668,489$601,750101%
YE 201885$709,388$673,000102%
Single Family
YE 2016121$1,126,053$1,010,000101%
YE 2017140$1,169,413$1,039,000101%
YE 2018146$1,292,110$1,160,000105%
Multi-Family
YE 201623$862,496$859,000101%
YE 201737$947,811$930,000103%
YE 201829$1,037,517$1,000,000103%

SP:OP = Sales Price to Original Price Ratio.  Data Source: MLS Pinergy®
©2019 Intellectual property of Tamela Roche, all rights reserved.

Residential Inventory: Belmont, MA

Number of Homes Listed for Sale 2016, 2017, 2018 (January 1 – December 31)

YE 2016YE 2017YE 2018
Condo:1158696
Single-Family:152142170
Multi-Family343638

Data Source: MLS Pinergy®
©2019 Intellectual property of Tamela Roche, all rights reserved.


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