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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belmont Township is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Belmont Township, IL

How much do homes in Belmont Township, IL cost?

Median Sold Price

$125,000

$71/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$10,000(-7.4%)

Key Takeaway

Homes in Belmont Township have sold for 7.4% less than they did a year ago.

Summary: The median home sold price in Belmont Township was $125,000 in August 2024, down 7.4% from last year, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $103K$80.9K
-21.4%
3 $137.4K$135.4K
-1.5%
4 $200K$120K
-40.0%
5+ $285K$138.5K
-51.4%

Summary: Belmont Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 51.4%.

Median Sold Price Compared To Nearby Cities

Middleport Township
+13.3%
Watseka
-1.2%
Belmont Township
-7.4%

Housing Supply in Belmont Township, IL

How many homes are available in Belmont Township, IL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
138-38.5%

Summary: The Belmont Township real estate market had 8 homes for sale in August 2024, a 38.5% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 107
-30.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Belmont Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belmont Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Belmont Township in August 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Belmont Township, IL

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

Average Sale Time

Aug 2023Aug 2024CHANGE
96 Days56 Days-41.7%

Summary: Homes in Belmont Township had an average of 56 days on market in Aug 2024, down by 41.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Belmont Township has remained consistent over time.

Summary: During August 2024, 2 homes were sold in Belmont Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in Belmont Township, IL

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What housing markets are near Belmont Township, IL?