Mike Bohnert | The Bohnert Group

Belmont, CA

Single-Family Homes

DRE #01325031



Belmont, CA

Fri Dec 01 2023
This week the median list price for Belmont, CA is $2,000,000 with the market action index hovering around 63. This is an increase over last month's market action index of 61. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Belmont, CA

Fri Dec 01 2023
This week the median list price for Belmont, CA is $2,000,000 with the market action index hovering around 63. This is an increase over last month's market action index of 61. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Belmont market.
Median List Price $2,000,000
Median Price of New Listings $1,961,500
Per Square Foot $1,298
Average Days on Market 70
Median Days on Market 35
Price Decreased 27%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 63
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$4,297,500 3,035 0.5 - 1 acre 4 4 36 0 0 217
$2,150,000 1,820 4,500 - 6,500 sqft 3 2 85 1 0 42
$1,750,000 1,550 6,500 - 8,000 sqft 3 2.5 58 0 0 70
$1,575,000 960 4,500 - 6,500 sqft 2 1 72 1 1 7