Belleville Real Estate Statistics

Belleville Real Estate Price Trend
Belleville real estate average sold price in the last 30 days (February 27 - March 27) was $516,100, which is $27,640 (5.4%) higher than the average price of $488,460 in the previous 30 day period (January 28 - February 26), and $43,163 (8.4%) down from the same period 1 year ago ($559,263). Belleville real estate prices over the last 30 days are also $3,756 (0.7%) higher than the average selling price of $512,344 over the past year.
Belleville average sold price for homes was $523,833 in the last 30 days (February 27 - March 27), which is $16,733 (3.2%) up from the average home price of $507,100 in the previous 30 day period (January 28 - February 26), and $49,089 (9.4%) lower than the same period 1 year ago ($572,922). In the last 30 days Belleville the average home price was $5,363 (1.0%) lower than the average selling price of $529,196 over the last 12 months.
Average Belleville condo sold price over the last 30 days (February 27 - March 27) was $437,500. During this period it was $177,500 (40.6%) up from the average price of condo of $260,000 during the previous 30 days (January 28 - February 26), and $86,875 (19.9%) higher compared to the same period 1 year ago ($350,625). In the last 30 days Belleville the average condo price was $99,554 (22.8%) higher than the average selling price of $337,946 over the last year.
Average sold price of Belleville townhouse was $503,633 in the last 30 days (February 27 - March 27), up $90,271 (17.9%) from the average townhome price of $413,362 over the previous 30 days (January 28 - February 26), and $233,868 (46.4%) lower than during to the same period 1 year ago ($737,501). Over the last 30 days the average townhouse price in Belleville was $5,794 (1.2%) higher compared to the average selling price of $497,839 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Belleville real estate was $516,100 in the last 30 days (February 27 - March 27), which is collectively $8,367 (1.5%) lower than the average asking price of $570,113. This represents an increase of $4,499 (35.0%) compared to $12,866 (2.3%) Sold-Under-Asking price from the previous 30 day period (January 28 - February 26).
The maximum Sold Over/Under Asking ratio in Belleville during the last 12 months was recorded in June, 2023 with an average of $2,513 over the asking price, while the minimum occurring in December, 2023 with $17,122 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Belleville was 55.9% with 76 properties sold and 95 new properties listed in the past 30 days (February 27 - March 27). This represents a decrease from 84.2% recorded during the previous 30 day period (January 28 - February 26), and a decrease from 120.6% compared to the same period one year ago.
Over the the last year the highest SNLR in Belleville was 8,394.1% recorded in July and the lowest was in October at 40.5%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 76 properties that were successfully sold in Belleville in the last 30 days (February 27 - March 27) was 31 days, which is 2 days less than 33 days average in the previous 30 day period (January 28 - February 26) and 1 days longer than during the same period a year ago (30 days).
There were 41 delisted properties in Belleville, those that got either Expired, Suspended or Terminated over the last 30 days (February 27 - March 27) with an average of 66 days on the market. This is 36 days shorter than the average of 102 days during the previous 30 day period (January 28 - February 26) and 25 days more compared to the same period last year average of 41 days on the market.
41 Belleville properties that didn't sell stayed on the market 112.9% longer than 76 that sucessfully sold over the last 30 days - 31 days when sold vs 66 days when delisted respectively.
Average Days on the Market in Belleville over the past 12 months for properties that have sold was 30.8 days, with 69.4 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
136 new properties were listed on the market in Belleville in the last 30 days (February 27 - March 27). During the same time 76 properties were sold and 41 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 19 properties (or 14.0%).
During the previous 30 day period (January 28 - February 26) there were 95 new properties listed, 80 sold and 42 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was July with 153 new properties listed, the slowest - December with 28 new listings and a yearly average of 86 new listings per month.
New Real Estate Listings by Property Type
There were a total of 105 homes listed during the last 30 days (February 27 - March 27), which is 77.2% of all properties listed in Belleville. This is a 40.0% increase compared with a previous 30 day period (January 28 - February 26) and 288.9% up from the same period a year ago. Over the past year an average of 70 homes are were listed per month.
11 condo units were listed in the last 30 days (February 27 - March 27) in Belleville, which represents 8.1% of all new listings. This is up 83.3% from the prior 30 day period (January 28 - February 26) and 450.0% more compared to the same period last year. There were 4 condos listed per month on average during the last 12 months.
20 townhomes were listed over the last 30 days (February 27 - March 27) in Belleville, which is 14.7% of all new real estate inventory. This is a 42.9% more than during the previous 30 day period (January 28 - February 26) and 300.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 12 a month.
Real Estate Sales by Property Type
There were a total of 60 homes sold during the last 30 days (February 27 - March 27), which is 78.9% of all properties sold in Belleville. This is a 13.0% decline compared with a previous 30 day period (January 28 - February 26) and 71.4% up from the same period a year ago. Over the past year an average of 1,045 homes are were sold per month.
4 condo units were sold in the last 30 days (February 27 - March 27) in Belleville, which represents 5.3% of all sold properties. This is up 33.3% from the prior 30 day period (January 28 - February 26) and 0.0% less compared to the same period last year. There were 51 condos sold per month on average during the last 12 months.
12 townhomes were sold over the last 30 days (February 27 - March 27) in Belleville, which is 15.8% of all sold real estate. This is a 50.0% more than during the previous 30 day period (January 28 - February 26) and 500.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 141 a month.
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