Belmont, MA Area Market Review 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020
Single Family Listing Inventory on September 16
2019
2020
Var.
Var. %
Listing Units
24
20
-4
-16.67%
Median Days on Market
47
28
-19
-40.43%
Median List Price
$1,537,500.00
$1,247,500.00
-$290,000.00
-18.86%
Median List $ / SqFt
$507.32
$455.82
-$51.50
-10.15%
Approximate Absorption Rate
50.35%
52.08%
1.73%
3.44%
Approximate Months Supply of Inventory
1.99
1.92
-0.07
-3.52%
Listed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Taken)
151
135
-16
-10.60%
Median Original List Price
$1,150,000.00
$1,295,000.00
$145,000.00
12.61%
Median Original List $ / SqFt
$495.79
$522.41
$26.62
5.37%
Went Pending (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Went Pending)
123
105
-18
-14.63%
Median List Price
$1,100,000.00
$1,239,900.00
$139,900.00
12.72%
Median List $ / SqFt
$489.65
$534.29
$44.64
9.12%
Median Days to Offer
7
7
0
0%
Listed & Price Changed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Price Changed)
28
32
4
14.29%
Median Original List Price
$1,349,000.00
$1,472,500.00
$123,500.00
9.15%
Median Original List $ / SqFt
$475.67
$535.79
$60.12
12.64%
Sold (Year to Date)
2019
2020
Var.
Var. %
Closed Units (Sold)
113
83
-30
-26.55%
Median Days on Market
20
21
1
5%
Median Days to Offer
7
8
1
14.29%
Median Sale Price
$1,150,000.00
$1,250,000.00
$100,000.00
8.70%
Median Sale $ / SqFt
$501.39
$530.10
$28.71
5.73%
Median List Price
$1,099,000.00
$1,239,000.00
$140,000.00
12.74%
Median List $ / SqFt
$489.99
$523.06
$33.07
6.75%
Median Original List Price
$1,099,000.00
$1,239,900.00
$140,900.00
12.82%
Median Original List $ / SqFt
$492.46
$534.29
$41.83
8.49%
Median Sale Price as % of List Price
101.47%
98.81%
-2.66%
-2.62%
Median Sale Price as % of Original List Price
101.47%
98.28%
-3.19%
-3.14%
Median Sale Price as % of Assessed Price
117.53%
N/A
N/A
N/A
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of September 16
2019
2020
Var.
Var. %
Units Listed
184
170
-14
-7.61%
Units Price Changed
35
42
7
20%
Units Went Pending
156
143
-13
-8.33%
Units Sold
145
125
-20
-13.79%
Trend
Trend
Trend
Trend
Trend
Trend
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Belmont, MA Area Market Review 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020
Condominium Listing Inventory on September 16
2019
2020
Var.
Var. %
Listing Units
13
12
-1
-7.69%
Median Days on Market
48
52
4
8.33%
Median List Price
$644,500.00
$754,500.00
$110,000.00
17.07%
Median List $ / SqFt
$461.71
$474.14
$12.43
2.69%
Approximate Absorption Rate
48.72%
61.81%
13.09%
26.87%
Approximate Months Supply of Inventory
2.05
1.62
-0.43
-20.98%
Listed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Taken)
74
85
11
14.86%
Median Original List Price
$687,450.00
$669,000.00
-$18,450.00
-2.68%
Median Original List $ / SqFt
$457.43
$469.65
$12.22
2.67%
Went Pending (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Went Pending)
57
68
11
19.30%
Median List Price
$685,000.00
$648,250.00
-$36,750.00
-5.36%
Median List $ / SqFt
$447.17
$468.54
$21.37
4.78%
Median Days to Offer
8
7
-1
-12.50%
Listed & Price Changed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Price Changed)
20
20
0
0%
Median Original List Price
$743,500.00
$799,000.00
$55,500.00
7.46%
Median Original List $ / SqFt
$436.30
$471.89
$35.59
8.16%
Sold (Year to Date)
2019
2020
Var.
Var. %
Closed Units (Sold)
49
63
14
28.57%
Median Days on Market
21
14
-7
-33.33%
Median Days to Offer
8
7
-1
-12.50%
Median Sale Price
$675,000.00
$688,000.00
$13,000.00
1.93%
Median Sale $ / SqFt
$449.82
$475.83
$26.01
5.78%
Median List Price
$649,000.00
$669,000.00
$20,000.00
3.08%
Median List $ / SqFt
$449.82
$467.43
$17.61
3.91%
Median Original List Price
$649,000.00
$669,000.00
$20,000.00
3.08%
Median Original List $ / SqFt
$452.80
$469.65
$16.85
3.72%
Median Sale Price as % of List Price
100.01%
100.84%
0.83%
0.83%
Median Sale Price as % of Original List Price
100.01%
100.80%
0.79%
0.79%
Median Sale Price as % of Assessed Price
N/A
N/A
N/A
N/A
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of September 16
2019
2020
Var.
Var. %
Units Listed
93
115
22
23.66%
Units Price Changed
22
28
6
27.27%
Units Went Pending
79
96
17
21.52%
Units Sold
76
89
13
17.11%
Trend
Trend
Trend
Trend
Trend
Trend
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
Belmont, MA Area Market Review 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020
Single Family
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
Belmont, MA Area Market Review 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020
Condominium
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