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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belvidere Township is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Belvidere Township, IL cost?

Median Sold Price

$193,500

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$3,833(+2.0%)

Key Takeaway

Homes in Belvidere Township have sold for 2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $227K$82.5K
-63.7%
2 $115K$135K
+17.4%
3 $171K$185K
+8.2%
4 $250K$295K
+18.0%
5+ $292.5K$304K
+3.9%

Median Sold Price Compared To Nearby Cities

Poplar Grove
+16.8%
Belvidere
+7.6%
Belvidere Township
+2.0%

How many homes are available in Belvidere Township, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
8784-3.4%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 108
-20.0%
3 3837
-2.6%
4 3232
0.0%
5+ 77
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
2718-33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belvidere Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
20 Days27 Days+33.1%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belvidere Township 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 Belvidere Township, IL

Belvidere Township, IL has 84 homes on the market. The number of listings in Belvidere Township, IL decreased by 3.4% between July 2022 and August 2022. In August 2022 median list price was $193,500 and the average listing age was 27 days. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties went down by 63.7%, prices of 2 bedrooms properties increased by 17.4%, 3 bedrooms properties prices increased by 8.2%, 4 bedrooms properties prices increased by 18%, prices of 5 bedrooms properties went up by 3.9%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 20%, the quantity of 3 bedrooms homes went down by 2.6%, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes have not changed. Belvidere Township, IL housing market in August 2022 saw over 9 listings sold above listed price, more than 3 sold at listed price and over 6 sold below.

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