Is Belleville Township, 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 Township was a Seller's Market.
Key Takeaway
Belleville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Belleville Township, NJ
How much do homes in Belleville Township, NJ cost?
Median Sold Price
$420,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Belleville Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Belleville Township was $420,000 in March 2024, up 6.1% 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 | $325K | -5.0% |
| 3 Bedrooms | $425K | $467.5K | +10.0% |
| 4 Bedrooms | $451.7K | $513K | +13.6% |
| 5+ Bedrooms | $490K | $490K | 0.0% |
Summary: Belleville Township 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 5%, 3 bedroom homes increased by 10%, 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% |
| Belleville | $397.5K | $425K | +6.9% |
| Belleville Township | $396K | $420K | +6.1% |
Housing Supply in Belleville Township, NJ
How many homes are available in Belleville Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 81 | 98 | +21.0% |
Summary: The Belleville Township real estate market had 98 homes for sale in March 2024, a 21.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 23 | 28 | +21.7% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The Belleville Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 21.7%, 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 | 10 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belleville Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Belleville Township in March 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Belleville Township, NJ
We’re sorry, we don't have information for this market at the moment
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