Is Bellwood, 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, Bellwood has remained a Seller's Market.
Housing Prices in Bellwood, IL
How much do homes in Bellwood, IL cost?
Median Sold Price
$238,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bellwood was $238,000 in March 2024, up 2.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $135K | 0.0% |
2 Bedrooms | $180K | $210K | +16.7% |
3 Bedrooms | $245K | $247K | +0.8% |
4 Bedrooms | $259.2K | $260K | 0.3% |
5+ Bedrooms | $265K | $276K | +4.2% |
Summary: Bellwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Bellwood | $232.7K | $238K | +2.3% |
Hillside | $250K | $255.2K | +2.1% |
Proviso Township | $285K | $290K | +1.8% |
Melrose Park | $295K | $300K | +1.7% |
Berkeley | $281K | $267.5K | -4.8% |
Housing Supply in Bellwood, IL
How many homes are available in Bellwood, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 62 | +29.2% |
Summary: The Bellwood real estate market had 62 homes for sale in March 2024, a 29.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 6 | 11 | +83.3% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Bellwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Bellwood in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Bellwood, IL
How long does it take to sell a home in Bellwood, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 12 Days | -71.5% |
Summary: Homes in Bellwood had an average of 12 days on market in Mar 2024, down by 71.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Bellwood; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.