Sat Oct 16 2021
This week the median list price for Belmont, CA is $2,150,000 with the market action index hovering around 81. This is an increase over last month's market action index of 76. Inventory has decreased to 6.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,150,000|
|Median Price of New Listings||$2,119,000|
|Per Square Foot||$1,123|
|Average Days on Market||76|
|Median Days on Market||11|
|Strong Seller's Market|
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,700,000||4,500||0.5 - 1 acre||5||6||1||0||2||392|
|$2,150,000||2,057||0.25 - 0.5 acre||3||2||65||1||3||3|
|$1,718,500||1,229||6,500 - 8,000 sqft||3||2||66||1||1||21|