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Featured local agent — Bellwood, IL
Sarah Mitchell
Compass Real Estate · Bellwood, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Bellwood, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$225,000median sale price
How is the Bellwood, IL housing market right now?
The median home sale price in Bellwood, IL is $225,000, down 10.0% year-over-year. Homes sell in an average of 77 days with 58 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Bellwood a buyer's or seller's market?
Bellwood, IL is currently a buyer's market, based on 6.4 months of supply and homes selling in about 77 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
77
Average pace
Active listings
58
6.4 months supply
Sale-to-list
97.4%
Below asking
What does the Bellwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $225,000 |
| Median list price | $314,900 |
| Year-over-year price change | -10.0% |
| Average days on market | 77 days |
| Active inventory | 58 listings |
| Months of supply | 6.4 months |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $201/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 12 |
| Listings with a price cut | 6.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Bellwood by property type?
How the Bellwood, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $237,500 | $208/sq ft | 8 | 69 days |
| Condo / Co-op | $60,000 | $75/sq ft | 1 | 110 days |
| Townhouse | $179,000 | $191/sq ft | 1 | 94 days |
Source: Redfin · Updated monthly
The Bellwood housing market is currently classified as a buyer's market with a median sale price of $225,000. Prices have fallen 10.0% compared to last year, with homes spending an average of 77 days on market, indicating 6.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Bellwood
There are currently 58 homes listed for sale in Bellwood, Illinois. The median listing price is $315K.
Active listings
58
Homes on market
Median list price
$315K
Avg. days on market
77
Days until sale
New this week
12
Newly listed
Who lives in Bellwood?
Population
18,373
Median income
$76,990/yr
Median age
38.3 years
Owner-occupied
79.7%
College grads
15.7%
Avg commute
28.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Bellwood?
Zillow home value
$255,626
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Bellwood?
Bellwood is a community of approximately 18K residents with a median age of 38.3 years.The median household income is $76,990, which reflects a relatively affluent area with strong earning potential. 15.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Bellwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Bellwood?
6 schools tracked · 2,021 students
The largest public schools serving Bellwood, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Roosevelt Middle School
Grades 6-8 · 626 students
Jefferson Primary School
Grades PK-2 · 357 students
McKinley Elem School
Grades K-5 · 340 students
Lincoln Elementary School
Grades K-5 · 306 students
Thurgood Marshall Elem School
Grades K-5 · 230 students
Early Childhood Center
Grades PK · 162 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Bellwood, IL?
Want a head-to-head view? Compare Bellwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Bellwood?
The median home sale price in Bellwood is $225,000, down 10.0% from last year.
How long do homes stay on market in Bellwood?
Homes typically spend 77 days on market before going under contract.
What is the median income in Bellwood?
The median household income is $76,990 per year.
Is Bellwood a buyer's or seller's market?
With 6.4 months of supply, Bellwood is currently a buyer's market.
What is the Zillow home value estimate for Bellwood?
The Zillow Home Value Index (ZHVI) for Bellwood is $255,626, representing the typical home value in the area.
What is the median condo price in Bellwood?
The median condo/co-op sale price in Bellwood, IL is $60,000, compared to $237,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Bellwood?
The median single-family home price in Bellwood, IL is $237,500 (about $208 per square foot).
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