Is Belvidere, NJ 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 has remained a Seller's Market.
Key Takeaway
Belvidere is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belvidere, NJ
How much do homes in Belvidere, NJ cost?
Median Sold Price
$345,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Belvidere have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Belvidere was $345,000 in March 2024, up 9.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $229.5K | $279.9K | +22.0% |
| 3 Bedrooms | $307.5K | $362.5K | +17.9% |
| 4 Bedrooms | $427.5K | $435K | +1.8% |
| 5+ Bedrooms | $292.5K | $350K | +19.7% |
Summary: Belvidere 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 22%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Cities
| White Township | $350.7K | $384.5K | +9.6% |
| Belvidere | $315K | $345K | +9.5% |
Housing Supply in Belvidere, NJ
How many homes are available in Belvidere, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 45 | +28.6% |
Summary: The Belvidere real estate market had 45 homes for sale in March 2024, a 28.6% 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 | 12 | 16 | +33.3% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Belvidere 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 increased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belvidere, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Belvidere in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Belvidere, NJ
We’re sorry, we don't have information for this market at the moment
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