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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belvidere Township is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Belvidere Township has remained a Seller's Market.

Key Takeaway

Belvidere Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Belvidere Township, IL

How much do homes in Belvidere Township, IL cost?

Median Sold Price

$265,500

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$36,666(+16.0%)

Key Takeaway

Homes in Belvidere Township have sold for 16% more than they did a year ago.

Summary: The median home sold price in Belvidere Township was $265,500 in December 2024, up 16% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $85K$425K
+400.0%
2 $146.5K$160K
+9.2%
3 $220K$255K
+15.9%
4 $314.2K$325K
+3.4%
5+ $354.5K$337.5K
-4.8%

Summary: Belvidere Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 400%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Cities

Belvidere
+20.0%
Belvidere Township
+16.0%
Caledonia Township
+14.7%

Housing Supply in Belvidere Township, IL

How many homes are available in Belvidere Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8566-22.4%

Summary: The Belvidere Township real estate market had 66 homes for sale in December 2024, a 22.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 74
-42.9%
3 4332
-25.6%
4 2521
-16.0%
5+ 98
-11.1%

Summary: The Belvidere Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2922-24.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belvidere Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Belvidere Township in December 2024, down by 24.1% month-over-month. Of the 22 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.

Days on Market for Belvidere Township, IL

How long does it take to sell a home in Belvidere Township, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
19 Days35 Days+81.2%

Summary: Homes in Belvidere Township had an average of 35 days on market in Dec 2024, up by 81.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belvidere Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 22 homes were sold in Belvidere Township; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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 4 Days Ago

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