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Sarah Mitchell
Compass Real Estate · ZIP 02478
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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02478 ZIP Code Housing Market
$1.43Mmedian sale price
What is the 02478 housing market like right now?
The median home sale price in ZIP code 02478 is $1.43M, down 3.4% year-over-year. Homes sell in an average of 15 days with 58 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 02478 ZIP code a buyer's or seller's market?
ZIP code 02478 is currently a balanced market and homes selling in about 15 days. How we determine this →
What are the latest 02478 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.43M |
| Median list price | $1.35M |
| Year-over-year price change | -3.4% |
| Average days on market | 15 days |
| Active inventory | 58 listings |
| Sale-to-list price ratio | 102.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 02478 zip code, located in Belmont, MA, is currently classified as a balanced market. The median sale price stands at $1.43M, representing a -3.4% change year over year. Homes in this area spend an average of 15 days on the market before going under contract. There are currently 58 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 02478 sits in the Belmont, MA area, roughly 0 miles from downtown Belmont. Because home prices are set street by street, this ZIP can move differently from Belmont's citywide averages. The figures below reflect 02478 specifically — drawn from Redfin transactions, U.S. Census data for its 27,175 residents, and Zillow value estimates.
Homes sold
43
Last 12 weeks
Days on market
15
Fast-moving
Active listings
58
Sale-to-list
102.6%
Above asking
What is driving the 02478 housing market?
The 02478 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 102.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 02478 have declined -3.4% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 02478 stands at $1.50M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $3,255 per month. This gives a price-to-rent ratio of approximately 38.5, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 02478?
Population
27,175
Median income
$183,137/yr
Median age
42.9 years
Owner-occupied
64.7%
College grads
80.9%
Avg commute
26.89 min
What is it like living in 02478?
Zip code 02478 is home to approximately 27,175 residents. The median household income is $183,137 per year, which shapes the types of homes and amenities available in the area. With a median age of 42.9 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 64.7% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 80.9% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 26.89 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 02478.
Which public schools serve ZIP 02478?
6 schools tracked · 3,758 students
The largest public schools serving ZIP code 02478 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Belmont High
Grades 9-12 · 1,462 students
Winthrop L Chenery Middle
Grades 5-6 · 713 students
Roger E Wellington
Grades PK-4 · 522 students
Winn Brook
Grades K-4 · 418 students
Mary Lee Burbank
Grades K-4 · 322 students
Daniel Butler
Grades K-4 · 321 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 02478
What is the median home price in 02478?
The current median sale price in 02478 is $1.43M, based on recent Redfin transaction data. Prices have changed -3.4% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 02478 a buyer's or seller's market?
The 02478 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 02478?
Zip code 02478 has a population of approximately 27,175 residents. The median household income is $183,137 per year. About 64.7% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 02478?
Properties Incorporated provides comprehensive data for 02478 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 02478 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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