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Featured local agent — Belvidere, IL
Sarah Mitchell
Compass Real Estate · Belvidere, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Belvidere, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$236,000median sale price
How is the Belvidere, IL housing market right now?
The median home sale price in Belvidere, IL is $236,000, up 15.1% year-over-year. Homes sell in an average of 5 days with 37 active listings. The market is currently a strong seller'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 Belvidere a buyer's or seller's market?
Belvidere, IL is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 5 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
5
Fast-moving
Active listings
37
1.8 months supply
Sale-to-list
102.3%
Above asking
What does the Belvidere housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $236,000 |
| Median list price | $239,900 |
| Year-over-year price change | +15.1% |
| Average days on market | 5 days |
| Active inventory | 37 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 102.3% |
| Median price per sq ft | $167/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 34 |
| Listings with a price cut | 18.9% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Belvidere by property type?
How the Belvidere, 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 | $270,000 | $174/sq ft | 17 | 5 days |
| Condo / Co-op | $210,000 | $112/sq ft | 3 | 8 days |
| Townhouse | $203,750 | $110/sq ft | 4 | 7 days |
Source: Redfin · Updated monthly
The Belvidere housing market is currently classified as a strong seller's market with a median sale price of $236,000. Prices have risen 15.1% compared to last year, with homes spending an average of 5 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Belvidere
There are currently 37 homes listed for sale in Belvidere, Illinois. The median listing price is $240K.
Active listings
37
Homes on market
Median list price
$240K
Avg. days on market
5
Days until sale
New this week
34
Newly listed
Who lives in Belvidere?
Population
24,510
Median income
$62,462/yr
Median age
39.7 years
Owner-occupied
73.6%
College grads
13.2%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Belvidere?
Zillow home value
$266,465
Zillow rent index
$1,673/mo
Price-to-rent ratio
13.3x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Belvidere?
Belvidere is a community of approximately 25K residents with a median age of 39.7 years.The median household income is $62,462, which represents a working-class community with solid middle-income opportunities. 13.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Belvidere offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Belvidere?
10 schools tracked · 7,035 students
The largest public schools serving Belvidere, 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.
Belvidere North High Sch
Grades 9-12 · 1,408 students
Belvidere High School
Grades 9-12 · 1,161 students
Belvidere Central Middle School
Grades 6-8 · 858 students
Belvidere South Middle School
Grades 6-8 · 751 students
Washington Academy
Grades PK-5 · 698 students
Meehan Elementary School
Grades PK-5 · 667 students
Seth Whitman Elem Sch
Grades PK-5 · 648 students
Lincoln Elem School
Grades PK-5 · 552 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 Belvidere, IL?
Want a head-to-head view? Compare Belvidere side-by-side with any other U.S. city using our market-comparison tool.
Is Belvidere a good real estate investment market?
For investors evaluating Belvidere, the price-to-rent ratio of 13.3x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 15.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Belvidere's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Belvidere's median home price.
Frequently asked questions
What is the average home price in Belvidere?
The median home sale price in Belvidere is $236,000, up 15.1% from last year.
How long do homes stay on market in Belvidere?
Homes typically spend 5 days on market before going under contract.
What is the median income in Belvidere?
The median household income is $62,462 per year.
Is Belvidere a buyer's or seller's market?
With 1.8 months of supply, Belvidere is currently a strong seller's market.
What is the Zillow home value estimate for Belvidere?
The Zillow Home Value Index (ZHVI) for Belvidere is $266,465, representing the typical home value in the area.
What is the median condo price in Belvidere?
The median condo/co-op sale price in Belvidere, IL is $210,000, compared to $270,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Belvidere?
The median single-family home price in Belvidere, IL is $270,000 (about $174 per square foot).
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