Is Bellwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Bellwood was a Seller's Market.
Housing Prices in Bellwood, IL
How much do homes in Bellwood, IL cost?
Median Sold Price
$235,000
$187/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since June 2023.
Summary: The median home sold price in Bellwood was $235,000 in June 2024, the same as last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $135K | N/A |
2 Bedrooms | $195K | $210K | +7.7% |
3 Bedrooms | $242K | $255K | +5.4% |
4 Bedrooms | $260K | $290K | +11.5% |
5+ Bedrooms | $260K | $212.7K | -18.2% |
Summary: Bellwood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 18.2%.
Median Sold Price Compared To Nearby Cities
Proviso Township | $283.2K | $300K | +5.9% |
Melrose Park | $290K | $300K | +3.4% |
Hillside | $250K | $258K | +3.2% |
Bellwood | $235K | $235K | 0.0% |
Berkeley | $281.5K | $273K | -3.0% |
Housing Supply in Bellwood, IL
How many homes are available in Bellwood, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
48 | 46 | -4.2% |
Summary: The Bellwood real estate market had 46 homes for sale in June 2024, a 4.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 10 | 6 | -40.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Bellwood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
18 | 7 | -61.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Bellwood in June 2024, down by 61.1% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
47 Days | 41 Days | -12.8% |
Summary: Homes in Bellwood had an average of 41 days on market in Jun 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 7 homes were sold in Bellwood; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.