Is Belmont, CA 94002 a buyer’s or seller’s market?

The Belmont housing market right now

In the three months ending August 31, 2026, 59% of homes in Belmont, CA 94002 sold above their list price, the typical home went under contract in 16 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 61 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (61% then), homes sold more slowly (14 days then) and the median sale price fell 2% to $2,199,048. Overall, Belmont is about as competitive as it was a year ago.

Within San Mateo County, homes here sell faster than in 54% of the county’s ZIP codes, and sell more often over asking than in 62%. On our competition score, Belmont ranks #50 of 1,069 CA ZIP codes with enough sales (score 92 out of 100).

Nearby, buyers who want less competition could look at San Gregorio 94074 (0% sold over asking) or Pescadero 94060 (0% sold over asking), while South San Francisco 94080 (71% sold over asking) and San Mateo 94403 (69% sold over asking) are even more competitive.