Is Belleville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Belleville was a Seller's Market.
Housing Prices in Belleville, NJ
How much do homes in Belleville, NJ cost?
Median Sold Price
$425,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Belleville was $425,000 in March 2024, up 6.9% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $190K | +11.8% |
2 Bedrooms | $342.2K | $327.5K | -4.3% |
3 Bedrooms | $425K | $465K | +9.4% |
4 Bedrooms | $451.7K | $513K | +13.6% |
5+ Bedrooms | $490K | $490K | 0.0% |
Summary: Belleville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bloomfield | $464.5K | $530.7K | +14.2% |
Bloomfield Township | $466.5K | $530.3K | +13.7% |
Nutley | $525K | $562K | +7.0% |
Belleville | $397.5K | $425K | +6.9% |
Belleville Township | $396K | $420K | +6.1% |
Housing Supply in Belleville, NJ
How many homes are available in Belleville, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 94 | +20.5% |
Summary: The Belleville real estate market had 94 homes for sale in March 2024, a 20.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 21 | 26 | +23.8% |
3 Bedrooms | 31 | 31 | 0.0% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The Belleville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 23.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Belleville in March 2024, down by 25.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% were sold over asking.
Days on Market for Belleville, NJ
We’re sorry, we don't have information for this market at the moment