Is Belleville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Belleville has remained a Seller's Market.
Key Takeaway
Belleville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belleville, IL
How much do homes in Belleville, IL cost?
Median Sold Price
$180,316
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Belleville have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Belleville was $180,316 in May 2024, up 12.7% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61.5K | $56K | -8.9% |
| 2 Bedrooms | $115.3K | $123K | +6.6% |
| 3 Bedrooms | $158.2K | $176.5K | +11.6% |
| 4 Bedrooms | $260K | $275K | +5.8% |
| 5+ Bedrooms | $309.9K | $375K | +21.0% |
Summary: Belleville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
| Stookey Township | $157.1K | $190K | +20.9% |
| Belleville | $160K | $180.3K | +12.7% |
| Belleville Township | $160K | $180.3K | +12.7% |
| Saint Clair Township | $224.2K | $236.2K | +5.4% |
| Swansea | $237.1K | $246K | +3.7% |
Housing Supply in Belleville, IL
How many homes are available in Belleville, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 359 | 400 | +11.4% |
Summary: The Belleville real estate market had 400 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 76 | 82 | +7.9% |
| 3 Bedrooms | 162 | 190 | +17.3% |
| 4 Bedrooms | 95 | 102 | +7.4% |
| 5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The Belleville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 108 | 114 | +5.6% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belleville, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 114 homes were sold or pending in Belleville in May 2024, up by 5.6% month-over-month. Of the 114 sold homes, 34% were sold under asking, 18% were sold at asking, and 47% were sold over asking.
Days on Market for Belleville, IL
How long does it take to sell a home in Belleville, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 43 Days | +6.7% |
Summary: Homes in Belleville had an average of 43 days on market in May 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belleville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 114 homes were sold in Belleville; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.