Is Belvidere 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, Belvidere Township has remained a Seller's Market.
Housing Prices in Belvidere Township, IL
How much do homes in Belvidere Township, IL cost?
Median Sold Price
$240,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Belvidere Township was $240,000 in March 2024, up 11.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $85K | N/A |
2 Bedrooms | $134.7K | $145.7K | +8.2% |
3 Bedrooms | $199K | $230K | +15.6% |
4 Bedrooms | $315K | $313.5K | -0.5% |
5+ Bedrooms | $355K | $342.5K | -3.5% |
Summary: Belvidere Township 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 8.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
Belvidere | $176K | $228.7K | +30.0% |
Caledonia Township | $220K | $250K | +13.6% |
Belvidere Township | $214.9K | $240K | +11.6% |
Poplar Grove | $260K | $230K | -11.5% |
Housing Supply in Belvidere Township, IL
How many homes are available in Belvidere Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 64 | -5.9% |
Summary: The Belvidere Township real estate market had 64 homes for sale in March 2024, a 5.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 36 | 34 | -5.6% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Belvidere Township 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 remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 26 | +62.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Belvidere Township in March 2024, up by 62.5% month-over-month. Of the 26 sold homes, 27% were sold under asking, 19% were sold at asking, and 54% were sold over asking.
Days on Market for Belvidere Township, IL
How long does it take to sell a home in Belvidere Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 50 Days | -20.4% |
Summary: Homes in Belvidere Township had an average of 50 days on market in Mar 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Belvidere Township; 58% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.