Is Belleville Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belleville Township is a seller's market

Buyer's
Market

Difference Since October 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

$185,000

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,770(+9.3%)

Key Takeaway

Homes in Belleville Township have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Belleville Township was $185,000 in October 2024, up 9.3% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $56K$76.5K
+36.6%
2 $118K$125K
+5.9%
3 $166.2K$179.6K
+8.1%
4 $273.1K$285K
+4.3%
5+ $345.5K$400K
+15.8%

Summary: Belleville Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.6%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 15.8%.

Median Sold Price Compared To Nearby Cities

Stookey Township
+15.3%
Saint Clair Township
+11.7%
Belleville
+9.4%
Belleville Township
+9.3%
Swansea
+8.4%

Housing Supply in Belleville Township, IL

How many homes are available in Belleville Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
397419+5.5%

Summary: The Belleville Township real estate market had 419 homes for sale in October 2024, a 5.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 95
-44.4%
2 90100
+11.1%
3 181197
+8.8%
4 8789
+2.3%
5+ 3028
-6.7%

Summary: The Belleville Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
120104-13.3%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belleville Township, you could pay more than the asking price. 44.2% of homes here sold above asking price last month.

Summary: A total of 104 homes were sold or pending in Belleville Township in October 2024, down by 13.3% month-over-month. Of the 104 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% 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

Oct 2023Oct 2024CHANGE
30 Days43 Days+44.0%

Summary: Homes in Belleville Township had an average of 43 days on market in Oct 2024, up by 44% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

44 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Belleville Township has remained consistent over time.

Summary: During October 2024, 104 homes were sold in Belleville Township; 41% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Belleville Township, IL

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