Is Belleville Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belleville Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Belleville Township has remained a Seller's Market.

Key Takeaway

Belleville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Belleville Township, IL

How much do homes in Belleville Township, IL cost?

Median Sold Price

$178,847

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$27,090(+17.9%)

Key Takeaway

Homes in Belleville Township have sold for 17.9% more than they did a year ago.

Summary: The median home sold price in Belleville Township was $178,847 in March 2024, up 17.9% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $49.4K$53.5K
+8.1%
2 $112.2K$123K
+9.6%
3 $154.3K$174.2K
+12.9%
4 $253.5K$280K
+10.5%
5+ $310K$350K
+12.9%

Summary: Belleville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Cities

Stookey Township
+19.5%
Belleville Township
+17.9%
Belleville
+17.9%
Saint Clair Township
+3.3%
Swansea
-3.6%

Housing Supply in Belleville Township, IL

How many homes are available in Belleville Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
326325-0.3%

Summary: The Belleville Township real estate market had 325 homes for sale in March 2024, a 0.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 54
-20.0%
2 6964
-7.2%
3 158161
+1.9%
4 6974
+7.2%
5+ 2522
-12.0%

Summary: The Belleville Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 12%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
94104+10.6%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belleville Township, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.

Summary: A total of 104 homes were sold or pending in Belleville Township in March 2024, up by 10.6% month-over-month. Of the 104 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.

Days on Market for Belleville Township, IL

How long does it take to sell a home in Belleville Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
49 Days45 Days-7.7%

Summary: Homes in Belleville Township had an average of 45 days on market in Mar 2024, down by 7.7% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belleville Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 104 homes were sold in Belleville Township; 44% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Belleville Township, IL

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