DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
Data through Jul 2026
Belmont still favors sellers, but the market is cooling. Here's where things stand:
Based on 64 homes sold in the 3 months ending July 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.
Data through July 2026
See how prices, monthly costs, and mortgage rates have moved in Belmont.
Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.
The median sale price in Belmont is $2.12M — almost exactly where it stood in September 2021 ($2.10M). Over that stretch, the median peaked at $2.55M in March 2025 and bottomed at $1.72M in January 2024. That's right in line with the area's 5-year average of $2.18M. Each point is the median of a rolling 3-month window of closings, so the curve runs smoother than any single month; the multi-year direction is the signal.
What buyers actually pay has moved more than the sticker price suggests: a typical monthly payment (20% down, principal & interest) is about $10,919 today, up 54% from $7,092 in September 2021. Most of that increase comes from mortgage rates (3.0% then vs. 6.7% now), not prices — at September 2021 rates, today's median would run about $7,173/mo.
Seasonally, the three months ending in June have been the busiest stretch for closings in Belmont over the past 5 years (about 65 sales in that window on average, vs. 33 for the stretch ending in February), while competition has run hottest in the stretch ending in April (72% of homes selling over asking on average). That's an average across just 5 observations per month, so treat it as a tendency, not a rule.
Belmont still favors sellers, but conditions are slowly improving for buyers. Well-priced homes move fast, and there is slightly more room to negotiate than there was a year ago.
At $2.12M, Belmont's median is close to the Bay Area average of $1.80M.
By home type:
Prices in Belmont depend heavily on home type and specific neighborhood. Median sale prices by type:
Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.
Belmont currently favors sellers:
Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.
At $2.12M with 20% down at 6.71%, your estimated total monthly cost is approximately $13,371:
HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.
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