Belmont, a small town with a suburban feel.
Belmont is a small town of 27 295 population on the western suburb of Boston bordering West Cambridge Massachusetts, Watertown and Arlington. It is well known for the mansion-filled Belmont Hill neighborhood although residents live on the low-lying areas around the hill. There are 3 major commercial centers: Belmont Center with mom-and-pop stores and Town hall, Cushing square in the South and Waverly Square in the West. Belmont is served by the Belmont Public Schools with 4 public elementary schools and the Belmont High School noted for its college placement and strong academics and athletics.
Belmont is a sophisticated area with great schools and a community feel that caters to the wealthier residents of the commonwealth of Massachusetts. It is almost an entirely residential community that is less than five square miles in area. It is only 9 miles from downtown Boston, and many residents choose to live in Belmont and commute into the city every day.
The Belmont Real Estate Market.
Mainly an inventory of single-family homes.
- The Belmont Real estate market is a small market compared to Cambridge or Somerville with an annual volume of sales of 256 properties sold in 2022 vs. 711 properties in Somerville, 551 in Arlington and 803 in Cambridge
- 50% of the sales were single family homes with an average sale price for a home at $1,723,000 in 2022
- The average sale price in 2022 all properties included is $1,349,000 and medium price was $1,227,000
- The average sale price for a condominium in Belmont Mass was $805,000 with 82 condominiums sold in 2022
- 41 multi-unit buildings sold in 2022 with an average sale price at $1,220,000
- There's no residential exemption for homeowners of a primary residence in Belmont. See other tax abatement and exemptions.
Contact Sandrine Deschaux with Sandrine Deschaux + CO, affiliated with RE/MAX, to start your home search.
Updated for Year 2023
