Is Belleville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$428,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belleville was $428,000 in April 2024, up 7% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173K | $190K | +9.8% |
2 Bedrooms | $347.7K | $325K | -6.5% |
3 Bedrooms | $425K | $475K | +11.8% |
4 Bedrooms | $450K | $520K | +15.6% |
5+ Bedrooms | $480K | $490K | +2.1% |
Summary: Belleville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Bloomfield | $470K | $533.5K | +13.5% |
Bloomfield Township | $470.5K | $534K | +13.5% |
Nutley | $525K | $572.5K | +9.0% |
Belleville | $400K | $428K | +7.0% |
Belleville Township | $398K | $420K | +5.5% |
Housing Supply in Belleville, NJ
How many homes are available in Belleville, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 100 | +31.6% |
Summary: The Belleville real estate market had 100 homes for sale in April 2024, a 31.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 22 | 21 | -4.5% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 14 | 20 | +42.9% |
5+ Bedrooms | 10 | 24 | +140.0% |
Summary: The Belleville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 140%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Belleville in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 8% were sold under asking, 0% were sold at asking, and 92% were sold over asking.
Days on Market for Belleville, NJ
How long does it take to sell a home in Belleville, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Belleville; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.