Is Belleville Township, 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 Township has remained a Seller's Market.
Key Takeaway
Belleville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belleville Township, IL
How much do homes in Belleville Township, 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 Township have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Belleville Township 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 | $122.2K | +6.0% |
| 3 Bedrooms | $158.2K | $176.7K | +11.7% |
| 4 Bedrooms | $260K | $275K | +5.8% |
| 5+ Bedrooms | $309.9K | $375K | +21.0% |
Summary: Belleville Township 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%, 3 bedroom homes increased by 11.7%, 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 Township | $160K | $180.3K | +12.7% |
| Belleville | $160K | $180.3K | +12.7% |
| Saint Clair Township | $224.2K | $236.2K | +5.4% |
| Swansea | $237.1K | $246K | +3.7% |
Housing Supply in Belleville Township, IL
How many homes are available in Belleville Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 359 | 400 | +11.4% |
Summary: The Belleville Township 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 Township 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 Township, 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 Township 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 Township, IL
How long does it take to sell a home in Belleville Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 43 Days | +6.7% |
Summary: Homes in Belleville Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 114 homes were sold in Belleville Township; 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.