94002 Housing Market
Median List Price
$1,698,500
Updated August 2026
Today, the 94002 ZIP code in Belmont, CA has 30 homes for sale at a median list price of $1,698,500, typically selling in about 68 days.
94002 Housing Market Overview
Homes in the 94002 ZIP code carry a median list price of $1.7M. That is about 5.6% below the Belmont median. The median price moved from $2.1M in February to $2.1M in July, a 1.2% decrease over six months. Right now 30 homes are on the market in the 94002 ZIP code. Five bedroom homes carry the highest medians at $5.7M, with one bedroom homes starting the range at $575,999.
94002 Area Market Pulse
Topfind Market Read
The picture is mixed here. Supply sits at 3.3 months, roughly in step with demand, yet the typical home takes about 68 days to sell, and 47% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.70M
↑ 4% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
3.3 months of supply
Balanced Supply30 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~68 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 28% over the last six months.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in 94002 Area
Homeownership is near the state average, with a balanced mix of owners and renters.
56%
Homeowners
44%
Renters
Homeownership is 0.5 points higher than the California average (55.5%)
10,528 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $1.3M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$2.4M)
Price Reductions
14 listings have reduced their price
47% of active listings
Average reduction: 6.5% (~$110K)
Browse 94002 Listings
Frequently Asked Questions about the 94002 Housing Market
What is the median home price in the 94002 ZIP code?
The median list price in the 94002 ZIP code is $1,698,500 as of August 2026, based on 30 active listings.
Is the 94002 ZIP code a buyer's market or a seller's market?
The 94002 ZIP code currently reads as a buyer's market. Active inventory works out to about 3.3 months of supply at the recent sales pace.
How fast do homes sell in the 94002 ZIP code?
The average home currently for sale in the 94002 ZIP code has been on the market for 68 days.
Are home prices in the 94002 ZIP code going up or down?
The median sale price in the 94002 ZIP code is up about 4.2% compared with a year ago.
How many homes are for sale in the 94002 ZIP code?
There are 30 homes for sale in the 94002 ZIP code right now, including 6 listed within the last week.