Condo Foreclosures in Belmont, CA 94002

Buyer vs Seller Market in Belmont, CA

The Belmont real estate market remains competitive, with a steady demand for homes in the area. The median home price has seen a gradual increase over the past year, driven by its desirable location and the quality of schools. Despite a slight dip in sales during the summer months, the fall season has shown strong interest, with houses selling quickly and many receiving multiple offers due to limited inventory.

In recent months, the trend has shifted slightly as potential buyers are becoming more cautious due to rising interest rates. Nevertheless, many families are still drawn to Belmont’s appealing qualities, leading to a consistent interest in homes. Home values are expected to stabilize, though many homeowners are still experiencing appreciation in their property values.

Rent Prices In Belmont, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Belmont, CA, is on a rollercoaster ride. The average rent price in Belmont, CA, is $4,276.00. Indeed, when looking to rent in Belmont, CA, you can expect to pay as little as $2,160.00 or as much as $6,740.00, with the average rent median estimated to be $4,440.00. The good news is that finding an affordable and desirable property to rent in Belmont, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.