Is Belleville, MI 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, Belleville has remained a Seller's Market.
Housing Prices in Belleville, MI
How much do homes in Belleville, MI cost?
Median Sold Price
$249,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Belleville was $249,000 in March 2024, down 4.2% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $125K | +8.7% |
2 Bedrooms | $95K | $172K | +81.1% |
3 Bedrooms | $260K | $260K | 0.0% |
4 Bedrooms | $316.5K | $281.5K | -11.1% |
5+ Bedrooms | $350K | $444.5K | +27.0% |
Summary: Belleville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 81.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
Van Buren Charter Township | $291K | $299.9K | +3.0% |
Belleville | $260K | $249K | -4.2% |
Housing Supply in Belleville, MI
How many homes are available in Belleville, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 35 | +29.6% |
Summary: The Belleville real estate market had 35 homes for sale in March 2024, a 29.6% increase 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 | 4 | 4 | 0.0% |
3 Bedrooms | 15 | 21 | +40.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Belleville 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 increased by 40%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Belleville in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Belleville, MI
How long does it take to sell a home in Belleville, MI?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Belleville; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.