Is Bellwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bellwood has remained a Seller's Market.
Housing Prices in Bellwood, IL
How much do homes in Bellwood, IL cost?
Median Sold Price
$240,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bellwood was $240,000 in April 2024, up 3.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $135K | N/A |
2 Bedrooms | $191.5K | $212.5K | +11.0% |
3 Bedrooms | $245K | $250K | +2.0% |
4 Bedrooms | $233.2K | $260K | +11.5% |
5+ Bedrooms | $265K | $242K | -8.7% |
Summary: Bellwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
Proviso Township | $284.9K | $295K | +3.5% |
Bellwood | $232K | $240K | +3.4% |
Melrose Park | $291K | $300K | +3.1% |
Hillside | $250K | $257K | +2.8% |
Berkeley | $281K | $270K | -3.9% |
Housing Supply in Bellwood, IL
How many homes are available in Bellwood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 52 | -5.5% |
Summary: The Bellwood real estate market had 52 homes for sale in April 2024, a 5.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 12 | -20.0% |
3 Bedrooms | 25 | 22 | -12.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Bellwood 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 20%, 3 bedroom homes decreased by 12%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Bellwood in April 2024, up by 36.4% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Bellwood, IL
How long does it take to sell a home in Bellwood, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 47 Days | -30.3% |
Summary: Homes in Bellwood had an average of 47 days on market in Apr 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Bellwood; 80% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.