Is Belvidere Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$256,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Belvidere Township was $256,000 in May 2024, up 19.1% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $85K | N/A |
2 Bedrooms | $130K | $150K | +15.4% |
3 Bedrooms | $210K | $246.5K | +17.4% |
4 Bedrooms | $297.2K | $315K | +6.0% |
5+ Bedrooms | $359K | $340K | -5.3% |
Summary: Belvidere Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Cities
Belvidere | $180K | $246K | +36.7% |
Belvidere Township | $215K | $256K | +19.1% |
Caledonia Township | $225K | $255K | +13.3% |
Poplar Grove | $256.8K | $230K | -10.5% |
Housing Supply in Belvidere Township, IL
How many homes are available in Belvidere Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
74 | 78 | +5.4% |
Summary: The Belvidere Township real estate market had 78 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 37 | 40 | +8.1% |
4 Bedrooms | 24 | 20 | -16.7% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Belvidere Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 27 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Belvidere Township in May 2024, up by 12.5% month-over-month. Of the 27 sold homes, 19% were sold under asking, 33% were sold at asking, and 48% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 24 Days | +67.8% |
Summary: Homes in Belvidere Township had an average of 24 days on market in May 2024, up by 67.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Belvidere Township; 74% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.