Belleville Real Estate Statistics

Belleville Real Estate Price Trend
Belleville real estate average sold price in the last 30 days (December 25 - January 23) was $825,000, which is $162,750 (19.7 %) higher than the average price of $662,250 in the previous 30 day period (November 25 - December 24), and $181,665 (22.0 %) up from the same period 1 year ago ($643,335). Belleville real estate prices over the last 30 days are also $227,008 (27.5 %) higher than the average selling price of $597,992 over the past year.
Belleville average sold price for homes was $825,000 in the last 30 days (December 25 - January 23), which is $162,750 (19.7 %) up from the average home price of $662,250 in the previous 30 day period (November 25 - December 24), and $181,665 (22.0 %) higher than the same period 1 year ago ($643,335). In the last 30 days Belleville the average home price was $205,535 (24.9 %) higher than the average selling price of $619,465 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Belleville real estate was $825,000 in the last 30 days (December 25 - January 23), which is collectively $25,000 (5.3 %) lower than the average asking price of $469,657. This represents an increase of $15,200 (37.8 %) compared to $40,200 (7.7 %) Sold-Under-Asking price from the previous 30 day period (November 25 - December 24).
The maximum Sold Over/Under Asking ratio in Belleville during the last 12 months was recorded in August, 2021 with an average of $68,562 over the asking price, while the minimum occurring in December, 2021 with $40,200 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 28.6 % with 2 properties sold and 11 new properties listed in the past 30 days (December 25 - January 23). This represents an increase from 18.2 % recorded during the previous 30 day period (November 25 - December 24), and a decrease from 140.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Belleville was 200.0 % recorded in July and the lowest was in November at 4.3 %. 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 2 properties that were successfully sold in Belleville in the last 30 days (December 25 - January 23) was 130 days, which is 12 days more than 118 days average in the previous 30 day period (November 25 - December 24) and 95 days longer than during the same period a year ago (35 days).
There were 2 delisted properties in Belleville, those that got either Expired, Suspended or Terminated over the last 30 days (December 25 - January 23) with an average of 124 days on the market. This is 33 days longer than the average of 91 days during the previous 30 day period (November 25 - December 24) and 85 days more compared to the same period last year average of 39 days on the market.
2 Belleville properties that didn't sell stayed on the market 4.6 % longer than 2 that sucessfully sold over the last 30 days - 130 days when sold vs 124 days when delisted respectively.
Average Days on the Market in Belleville over the past 12 months for properties that have sold was 33.6 days, with 57.4 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
7 new properties were listed on the market in Belleville in the last 30 days (December 25 - January 23). During the same time 2 properties were sold and 2 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 3 properties (or 42.9 %).
During the previous 30 day period (November 25 - December 24) there were 11 new properties listed, 2 sold and 2 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 44 new properties listed, the slowest - January with 10 new listings and a yearly average of 23 new listings per month.
New Real Estate Listings by Property Type
There were a total of 6 homes listed during the last 30 days (December 25 - January 23), which is 85.7 % of all properties listed in Belleville. This is a 40.0 % decline compared with a previous 30 day period (November 25 - December 24) and 33.3 % down from the same period a year ago. Over the past year an average of 19 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 2 homes sold during the last 30 days (December 25 - January 23), which is 100.0 % of all properties sold in Belleville. This is a 0.0 % decline compared with a previous 30 day period (November 25 - December 24) and 85.7 % down from the same period a year ago. Over the past year an average of 18 homes are were sold per month.
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