Belmont, MA Area Market Review 2016 - 2020 As of October 28, 2020 Prepared by Colleen Barry on Wednesday, October 28, 2020
Single Family Listing Inventory on October 28
2016
2017
2018
2019
2020
Listing Units
16
7
16
24
19
Average Days on Market
67
50
72
58
88
Average List Price
$1,580,199.00
$1,212,198.29
$1,675,181.25
$1,611,041.67
$2,179,363.16
Average List $ / SqFt
$425.90
$470.63
$553.43
$506.78
$504.82
Approximate Absorption Rate
71.35%
165.48%
77.60%
50.69%
60.53%
Approximate Months Supply of Inventory
1.40
0.60
1.29
1.97
1.65
Listed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Taken)
143
133
157
176
171
Average Original List Price
$1,227,401.93
$1,132,039.10
$1,334,773.24
$1,376,969.89
$1,518,245.49
Average Original List $ / SqFt
$448.57
$486.02
$514.68
$509.91
$531.39
Went Pending (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Went Pending)
116
131
138
141
138
Average List Price
$1,137,881.88
$1,134,626.72
$1,292,996.88
$1,226,584.32
$1,370,965.94
Average List $ / SqFt
$449.90
$480.05
$507.58
$496.54
$528.30
Average Days to Offer
29
27
17
25
24
Listed & Price Changed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Price Changed)
28
26
21
44
39
Average Original List Price
$1,442,703.14
$1,131,411.54
$1,606,261.90
$1,443,386.36
$1,528,014.85
Average Original List $ / SqFt
$435.35
$499.24
$539.68
$503.67
$529.65
Sold (Year to Date)
2016
2017
2018
2019
2020
Closed Units (Sold)
100
114
123
123
105
Average Days on Market
50
40
24
36
39
Average Days to Offer
29
30
18
25
29
Average Sale Price
$1,102,443.53
$1,197,924.91
$1,312,813.41
$1,253,719.52
$1,445,620.22
Average Sale $ / SqFt
$453.09
$487.44
$522.57
$510.66
$526.03
Average List Price
$1,095,902.99
$1,177,377.18
$1,265,150.88
$1,234,484.54
$1,443,859.05
Average List $ / SqFt
$446.30
$474.76
$498.16
$501.61
$523.54
Average Original List Price
$1,110,353.99
$1,193,265.78
$1,274,922.68
$1,253,038.21
$1,469,963.62
Average Original List $ / SqFt
$451.32
$479.75
$501.69
$509.04
$532.50
Average Sale Price as % of List Price
101.59%
102.63%
105.13%
101.95%
100.41%
Average Sale Price as % of Original List Price
100.48%
101.55%
104.46%
100.69%
98.77%
Average Sale Price as % of Assessed Price
N/A
N/A
N/A
2,357,840.48%
N/A
Sold Units - Short Sale
0
0
0
0
0
Sold Units - Lender-Owned
0
0
0
0
0
12-Month Activity as of October 28
2016
2017
2018
2019
2020
Units Listed
156
142
166
189
181
Units Price Changed
32
29
22
46
42
Units Went Pending
132
141
148
154
158
Units Sold
137
139
149
146
138
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF