Mike Bohnert | The Bohnert Group

Belmont, CA

Single-Family Homes

DRE #01325031



Belmont, CA

Tue Jul 05 2022
This week the median list price for Belmont, CA is $2,190,000 with the market action index hovering around 73. This is less than last month's market action index of 75. Inventory has increased to 21. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Tue Jul 05 2022
This week the median list price for Belmont, CA is $2,190,000 with the market action index hovering around 73. This is less than last month's market action index of 75. Inventory has increased to 21. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $2,190,000
Median Price of New Listings $1,968,500
Per Square Foot $1,208
Average Days on Market 30
Median Days on Market 21
Price Decreased 24%
Price Increased 10%
Relisted 0%
Inventory 21
Median Rent
Market Action 73
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
$3,000,000 2,720 0.25 - 0.5 acre 4 4 46 0 0 21
$2,498,000 2,135 4,500 - 6,500 sqft 3 3 59 1 0 28
$1,950,000 1,690 4,500 - 6,500 sqft 3 2 68 2 0 28
$1,593,000 1,335 0 - 4,500 sqft 2 2 57 1 0 7