Is Belleville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Belleville Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.4K | $53.5K | +8.1% |
2 Bedrooms | $112.2K | $123K | +9.6% |
3 Bedrooms | $154.3K | $174.2K | +12.9% |
4 Bedrooms | $253.5K | $280K | +10.5% |
5+ Bedrooms | $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 | $155K | $185.1K | +19.5% |
Belleville Township | $151.7K | $178.8K | +17.9% |
Belleville | $151.5K | $178.7K | +17.9% |
Saint Clair Township | $225K | $232.5K | +3.3% |
Swansea | $249K | $240K | -3.6% |
Housing Supply in Belleville Township, IL
How many homes are available in Belleville Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
326 | 325 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 69 | 64 | -7.2% |
3 Bedrooms | 158 | 161 | +1.9% |
4 Bedrooms | 69 | 74 | +7.2% |
5+ Bedrooms | 25 | 22 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 104 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 45 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
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.