Mike Bohnert | The Bohnert Group

Belmont, CA

Single-Family Homes

DRE #01325031



Belmont, CA

Sat Dec 03 2022
This week the median list price for Belmont, CA is $2,398,000 with the market action index hovering around 52. This is less than last month's market action index of 55. Inventory has decreased to 13. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Belmont, CA

Sat Dec 03 2022
This week the median list price for Belmont, CA is $2,398,000 with the market action index hovering around 52. This is less than last month's market action index of 55. Inventory has decreased to 13. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Belmont market.
Median List Price $2,398,000
Median Price of New Listings $1,936,500
Per Square Foot $1,080
Average Days on Market 62
Median Days on Market 49
Price Decreased 54%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent
Market Action 52
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
$3,795,000 3,020 0.5 - 1 acre 4 3.5 46 0 0 49
$2,498,000 2,450 8,000 - 10,000 sqft 3 3 44 0 1 77
$2,250,000 2,220 0.25 - 0.5 acre 4 2 66 0 0 70
$1,786,940 1,991 4,500 - 6,500 sqft 3 2.3 63 2 2 3