Belmont, MI Home Values & Market Trends
Real estate market trends reflect that there have been 141 transactions over the past year in Belmont. The median value for residential home transactions that occurred over the previous year is $382,334.23. The number of current listings in Belmont is 22, and the percentage of properties for sale in the city is 22.00%. Belmont, MI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 22 properties for sale.
Belmont, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
49306 | $ 416,325 $ 168/sqft |
Housing Market Summary for Belmont, MI
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $439.9K | $422.7K | -3.90% |
Median Sold Price | $395K | $422.7K | 7.02% |
Homes For Sale | 17 | 13 | -23.53% |
Homes Sold | 83 | 114 | 37.35% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Belmont, MI
Browse Homes in Belmont, MI
Belmont home values range from $23,065 to $4,135,488. The median estimated value of a home in Belmont is $382,334.23. The median list price of a home is 484,900, and the total count of properties in the city is 3,640.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Belmont, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Belmont, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Belmont, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Belmont, MI. There is 1 zips within Belmont, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49306 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Belmont, MI. Auction homes and other auction properties account for 0.03% of all properties in Belmont, MI. There is 1 zips within Belmont, MI; of that zips, the median estimated home value for homes going to auction ranges from $291,768 in 49306 to the lowest value of $291,768 in 49306.
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Guide for Belmont, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
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