Is Bellwood, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Bellwood is a buyer's market


Difference Since November 2021

At the same time last year, Bellwood was a Seller's Market.

Key Takeaway

Bellwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Bellwood, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2021


Key Takeaway

Homes in Bellwood have sold for 8.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$135K
2 $185.2K$180K
3 $220K$249.9K
4 $259.7K$261.7K
5+ $232K$280K

Median Sold Price Compared To Nearby Cities

Proviso Township
Melrose Park

How many homes are available in Bellwood, IL?

Number of Homes For Sale

Oct 2022Nov 2022%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
2 1922
3 3451
4 1015
5+ 912

Number of Homes Sold

Oct 2022Nov 2022%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
34 Days32 Days-5.1%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Bellwood, IL

Homes for sale in Bellwood, IL have reached 100. The number of homes for sale in Bellwood, IL increased by 38.9% between October 2022 and November 2022. The median list price of listings available in November 2022 was $233,900, while the average time on the real estate market was 32 days. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 2.8%, 3 bedrooms properties prices increased by 13.6%, prices of 4 bedrooms properties increased by 0.8%, the cost of 5 bedrooms properties went up by 20.7%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes became 15.8% more available, 3 bedrooms homes inventory increased by 50%, 4 bedrooms homes became 50% more available, 5 bedrooms homes inventory increased by 33.3%. In November 2022 more than 2 listings in Bellwood, IL were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 3 were sold below.

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