Is Belleville, MI 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, Belleville has remained a Seller's Market.
Housing Prices in Belleville, MI
How much do homes in Belleville, MI cost?
Median Sold Price
$249,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belleville was $249,000 in April 2024, down 4.2% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124.9K | $135K | +8.1% |
2 Bedrooms | $95K | $172K | +81.1% |
3 Bedrooms | $260K | $257.5K | -1.0% |
4 Bedrooms | $333.7K | $275K | -17.6% |
5+ Bedrooms | $350K | $427K | +22.0% |
Summary: Belleville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 81.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
Van Buren Charter Township | $295.7K | $295K | -0.3% |
Belleville | $260K | $249K | -4.2% |
Housing Supply in Belleville, MI
How many homes are available in Belleville, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 38 | +2.7% |
Summary: The Belleville real estate market had 38 homes for sale in April 2024, a 2.7% 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 | 5 | 3 | -40.0% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Belleville 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 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Belleville in April 2024, up by 9.1% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Belleville, MI
How long does it take to sell a home in Belleville, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 18 Days | +37.9% |
Summary: Homes in Belleville had an average of 18 days on market in Apr 2024, up by 37.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Belleville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.