Belvidere, IL Home Values & Market Trends
Real estate market trends reflect that there have been 430 transactions over the past year in Belvidere. The median value for residential home transactions that occurred over the previous year is $214,353.53. The number of current listings in Belvidere is 41, and the percentage of properties for sale in the city is 41.00%. Belvidere, IL currently has 53 properties in foreclosure, 2 bank owned properties, 9 properties headed for auction, and 41 properties for sale.
Belvidere, IL Real Estate Market Overview
Zip | Median Est. Value |
---|---|
61008 | $ 225,964 $ 122/sqft |
Housing Market Summary for Belvidere, IL
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $169.9K | $232.2K | 36.69% |
Median Sold Price | $178.5K | $232.2K | 30.10% |
Homes For Sale | 37 | 40 | 8.11% |
Homes Sold | 280 | 266 | -5.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Belvidere, IL
Browse Homes in Belvidere, IL
Belvidere home values range from $20,496 to $12,749,571. The median estimated value of a home in Belvidere is $214,353.53. The median list price of a home is 225,000, and the total count of properties in the city is 11,133.
- Pre-ForeclosurePre-foreclosure homes account for 0.38% of all residential properties in Belvidere, IL with 61008 containing 42 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Belvidere, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $325,206 in 61008 to the lowest home value of $81,059 in 61008.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Belvidere, IL ranges from the highest value of $146,627 in 61008 to the lowest value of $139,900 in 61008. Bank owned homes and properties account for 0.02% of properties in Belvidere, IL. There is 1 zips within Belvidere, IL; 61008 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61008 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Belvidere, IL. Auction homes and other auction properties account for 0.08% of all properties in Belvidere, IL. There is 1 zips within Belvidere, IL; of that zips, the median estimated home value for homes going to auction ranges from $456,383 in 61008 to the lowest value of $104,695 in 61008.
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