Kapowich Real Estate Silicon Valley Reports

Belmont, CA

Single-Family Homes

Pat Kapowich | 408.245.7700 | Pat@SiliconValleyBroker.com | Broker's License #00979413



Belmont, CA

Thu Mar 28 2024
This week the median list price for Belmont, CA is $2,195,000 with the market action index hovering around 59. This is an increase over last month's market action index of 55. Inventory has decreased to 11. Click here to stay informed with the Belmont market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Belmont, CA

Thu Mar 28 2024
This week the median list price for Belmont, CA is $2,195,000 with the market action index hovering around 59. This is an increase over last month's market action index of 55. Inventory has decreased to 11. Click here to stay informed with the Belmont market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Belmont market.
Median List Price $2,195,000
Median Price of New Listings $2,341,900
Per Square Foot $1,362
Average Days on Market 82
Median Days on Market 28
Price Decreased 27%
Price Increased 0%
Relisted 9%
Inventory 11
Median Rent
Market Action 59
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,221,500 3,489 0.25 - 0.5 acre 4 4.5 33 0 1 273
$2,695,000 1,714 6,500 - 8,000 sqft 3 2 69 2 0 0
$1,998,000 1,460 4,500 - 6,500 sqft 3 2 59 1 1 35
$1,399,888 1,420 4,500 - 6,500 sqft 3 1 74 1 1 35