Is Belleville Township, 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 Township was a Seller's Market.
Housing Prices in Belleville Township, NJ
How much do homes in Belleville Township, NJ cost?
Median Sold Price
$420,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belleville Township was $420,000 in April 2024, up 5.5% 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 | $175K | $190K | +8.6% |
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 Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 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% |
Belleville | $400K | $428K | +7.0% |
Belleville Township | $398K | $420K | +5.5% |
Housing Supply in Belleville Township, NJ
How many homes are available in Belleville Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
79 | 106 | +34.2% |
Summary: The Belleville Township real estate market had 106 homes for sale in April 2024, a 34.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 23 | 24 | +4.3% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 14 | 20 | +42.9% |
5+ Bedrooms | 10 | 24 | +140.0% |
Summary: The Belleville Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 4.3%, 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 |
---|---|---|
11 | 13 | +18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Belleville Township in April 2024, up by 18.2% month-over-month. Of the 13 sold homes, 8% were sold under asking, 0% were sold at asking, and 92% were sold over asking.
Days on Market for Belleville Township, NJ
How long does it take to sell a home in Belleville Township, 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, 13 homes were sold in Belleville Township; 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.