Is Belleville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Belleville has remained a Seller's Market.
Housing Prices in Belleville, IL
How much do homes in Belleville, IL cost?
Median Sold Price
$175,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Belleville was $175,000 in February 2024, up 17.1% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $53.5K | -10.8% |
2 Bedrooms | $110K | $120K | +9.1% |
3 Bedrooms | $150.5K | $174K | +15.6% |
4 Bedrooms | $250K | $281K | +12.4% |
5+ Bedrooms | $298K | $350K | +17.4% |
Summary: Belleville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
Belleville | $149.3K | $175K | +17.1% |
Belleville Township | $149.5K | $175K | +17.0% |
Stookey Township | $155K | $175K | +12.9% |
Saint Clair Township | $225K | $226.5K | +0.7% |
Swansea | $250K | $236K | -5.6% |
Housing Supply in Belleville, IL
How many homes are available in Belleville, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
317 | 318 | 0.3% |
Summary: The Belleville real estate market had 318 homes for sale in February 2024, a 0.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 5 | -28.6% |
2 Bedrooms | 65 | 67 | +3.1% |
3 Bedrooms | 160 | 152 | -5.0% |
4 Bedrooms | 64 | 70 | +9.4% |
5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Belleville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
76 | 87 | +14.5% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in Belleville in February 2024, up by 14.5% month-over-month. Of the 87 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for Belleville, IL
How long does it take to sell a home in Belleville, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 55 Days | +33.7% |
Summary: Homes in Belleville had an average of 55 days on market in Feb 2024, up by 33.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During February 2024, 87 homes were sold in Belleville; 37% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.