Is Belvidere Township, 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, Belvidere Township has remained a Seller's Market.
Housing Prices in Belvidere Township, IL
How much do homes in Belvidere Township, IL cost?
Median Sold Price
$252,475
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belvidere Township was $252,475 in April 2024, up 17.4% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $85K | N/A |
2 Bedrooms | $130K | $155K | +19.2% |
3 Bedrooms | $205K | $232.5K | +13.4% |
4 Bedrooms | $315K | $315K | 0.0% |
5+ Bedrooms | $369K | $335K | -9.2% |
Summary: Belvidere Township 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 19.2%, 3 bedroom homes increased by 13.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Cities
Belvidere | $177K | $235K | +32.8% |
Belvidere Township | $215K | $252.4K | +17.4% |
Caledonia Township | $220K | $245K | +11.4% |
Poplar Grove | $259.3K | $232.5K | -10.4% |
Housing Supply in Belvidere Township, IL
How many homes are available in Belvidere Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 70 | +4.5% |
Summary: The Belvidere Township real estate market had 70 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 7 | +250.0% |
3 Bedrooms | 36 | 36 | 0.0% |
4 Bedrooms | 24 | 22 | -8.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Belvidere Township 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 increased by 250%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 20 | -25.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Belvidere Township in April 2024, down by 25.9% month-over-month. Of the 20 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 64 Days | +128.0% |
Summary: Homes in Belvidere Township had an average of 64 days on market in Apr 2024, up by 128% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Belvidere Township; 75% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.