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

ZipMedian Est. Value
61008

$ 225,964

$ 122/sqft

Housing Market Summary for Belvidere, IL

Mar 2023February 2024Change
Median Listing Price$169.9K$232.2K36.69%
Median Sold Price$178.5K$232.2K30.10%
Homes For Sale37408.11%
Homes Sold280266-5.00%
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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%.

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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.

Foreclosure
There is 1 zips within Belvidere, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $456,383 in 61008 to the lowest value of $81,059 in 61008. Foreclosure homes account for 0.00% of properties in Belvidere, IL with 61008 containing 53 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    61008 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.37% of residential properties in Belvidere, IL with 61008 containing 41 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Belvidere, IL; homes for sale in that zips, have a range of median values from $1,300,000 in 61008 to the lowest value of $98,095 in 61008.
    Sold Homes
    The median value for recently sold homes ranges from $967,414 in 61008 to the lowest price of $45,315 in 61008. There is 1 zips within Belvidere, IL. 61008 has 262 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.35% of properties in Belvidere, IL.

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      Guide for Belvidere, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
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      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
      Home Buying Guides & Tips|posted 20 March 2024

      What can you do when you want to buy a house when you’re strapped for cash?