Real Estate Market Update for Belmont, MA
Welcome to December's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was up 18% from one year earlier, and down 35% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 1.3-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 31%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 720-thousand dollars. The number of units sold decreased 10% year-over-year, and increased 20% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Belmont, MA
Area Information for Belmont, MA
  • Population: 25,240
  • Median Age: 41.05 yr
  • Median Commute Time: 24.03 mins
  • Educational Climate*: 4
  • Sales Tax: 6.25%
  • Population Density: 5,427/sq mi
  • Population Change Since 2000: 3.74%
  • Closest Airport: Laurence G Hanscom Field
  • Closest College: Bentley University
  • Closest Jr. College: Lincoln Technical Institute-somerville
  • Median Household Income: $99,264
  • Annual Residential Turnover: 15.53%
  • Median Years in Residence: 5.47 yr
  • Median Home Sales Price: $583,900
  • Closest Major Sports Team: Red Sox
  • Change Avg. Household Income Since 2000: 23%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Belmont, MA
Median Age: 41.05 Married: 42% Number of Households: 9,822 Households with Children: 3,240
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Belmont, MA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Belmont Day School 0.3 mi Private PRESCHOOL-8 0 5
      Roger Wellington Elementary School 0.6 mi Public PRESCHOOL-4 4-5 5
      Belmont High School 0.7 mi Public 9-12 5 4
      Belmont Hill School 0.8 mi Private 7-12 0 4
      Butler Elementary School 0.8 mi Public K-4 4 5
      Winn Brook School 0.8 mi Public K-4 5 5
      Winthrop L Chenery Middle School 0.8 mi Public 5-8 5 4
      Cns/pathways Academy 0.8 mi Private 3-12 0 2
      Arlington School 0.8 mi Private 9-12 0 0
      Mary Lee Burbank School 0.9 mi Public K-4 5 5
      Waldorf High School Of Massachusetts Bay 1.0 mi Private 9-12 0 5
      The Kendall School 1.1 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Belmont, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.