$34,900
51107 Colony Ln
Belleville, MI
3 bd3 ba
Mobile home
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Sarah Mitchell
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Compass Real Estate · Belleville, MI
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Belleville, MI(512) 555-0184TX License #0512847
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Belleville, MI Housing Market
Balanced market+4.5% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Belleville, MI is worth $311,394, rose 4.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $276,625, -23.7% year over year (through May 2026). With 6.0 months of supply and homes going under contract in about 47 days, Belleville is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $311,394 home is about $1,662/mo in principal and interest.
Key numbers for Belleville, MI
Typical home value
$311,394
+4.5% in 12 months
Zillow, August 2026
Typical asking rent
$1,402/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$276,625
-23.7% year over year
Redfin, through May 2026
Days on market
47
Average pace
Redfin, through May 2026
Active listings
12
6.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$59,929
Home costs 5.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.7%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Belleville a buyer's or seller's market?
Balanced market6.0 months of supply47 days on market100.7% of asking
Belleville, MI is a balanced market, based on 6.0 months of supply and homes selling in about 47 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Belleville housing market data show?
Every row below is Redfin's final published month for Belleville, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $276,625 |
| Median list price | $237,500 |
| Year-over-year price change | -23.7% |
| Median price per sq ft | $154/sq ft |
| Median days on market | 47 days |
| Active inventory | 12 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 100.7% |
| Homes sold (that month) | 2 |
| New listings (that month) | 6 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Belleville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Belleville is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Belleville home prices moved?
Over the last three years the median sale price in Belleville, MI fell 1.2%, from $280,000 to $276,625. The live Zillow value series has rose 4.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 25.0% of Belleville listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 6.0 months while the sale-to-list ratio slips below its current 100.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Belleville?
Priced off the typical home value of $311,394 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $62,279 | $249,115 | $1,662/mo |
| 5% | $15,570 | $295,824 | $1,974/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,662, that implies roughly $71,245 a year before you add taxes and insurance. The median household in Belleville earns $59,929, about $11,316 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.2x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Belleville in the next 12 months?
Tell us your timeline. We send the Belleville market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Belleville?
Typical asking rent in Belleville, MI is $1,402/mo, against a typical home value of $311,394. That is a price-to-rent ratio of 18.5x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,662 a month — $261 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Belleville?
Active listings in Belleville, MI went from 11 in April 2025 to 12 in May 2026, a +9.1% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| May 2025 | 6 | 3 |
| June 2025 | 8 | 7 |
| July 2025 | 9 | 8 |
| August 2025 | 10 | 7 |
| September 2025 | 11 | 10 |
| October 2025 | 10 | 8 |
| November 2025 | 9 | 2 |
| December 2025 | 4 | 1 |
| January 2026 | 8 | 5 |
| February 2026 | 4 | 2 |
| March 2026 | 5 | 3 |
| May 2026 | 12 | 6 |
Redfin, through May 2026
How does Belleville compare to Michigan and the U.S.?
Belleville homes sell for $276,625 — 7% below the Michigan median of $297,900. Against the national median of $410,700, Belleville runs 33% lower. Year-over-year, Belleville moved -23.7% against Michigan's +4.6% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Belleville, MI | $276,625 | -23.7% | 47 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Belleville
What buyers should watch
- Months of supply, currently 6.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $312 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $311,394 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Belleville listing goes under contract in 47 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.7% of asking. Price at the number you want and let competition do the rest.
- In the last published month Belleville added 6 new listings against 2 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +4.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Belleville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Belleville
There are currently 12 homes listed for sale in Belleville, Michigan. The median listing price is $238K. Featured listings range from $34,900 to $525,000.
$67,900
248 Magnolia Pl Unit 248
Belleville, MI
2 bd1 ba
Mobile home
View photos & details
$69,900
437 Nevada Unit 437
Belleville, MI
3 bd2 ba
Mobile home
View photos & details
$69,900
114 Mulberry Unit 114
Belleville, MI
2 bd2 ba
Mobile home
View photos & details
$73,900
642 Oregon Unit 642
Belleville, MI
3 bd2 ba
Mobile home
View photos & details
$115,900
663 Oregon Unit 663
Belleville, MI
3 bd2 ba
Mobile home
View photos & details
$225,000
22002 Fenster St
Belleville, MI
3 bd1 ba934 sqft$241/ft²
House14,810 sqft lot
View photos & details
$249,900
20150 Sherwood Rd
Belleville, MI
4 bd4 ba2,200 sqft$114/ft²
Multi-family2.76 acres
View photos & details
$295,000
45208 Paris Dr
Belleville, MI
4 bd1 ba1,304 sqft$226/ft²
House16,988 sqft lot
View photos & details
$424,989
43640 S Timberview Dr
Belleville, MI
4 bd3 ba2,083 sqft$204/ft²
House8,276 sqft lot
View photos & details
$465,000
42811 Colonial Rd
Belleville, MI
5 bd3 ba2,614 sqft$178/ft²
House8,276 sqft lot
View photos & details
$525,000
13137 Ventura Dr
Belleville, MI
4 bd3 ba2,986 sqft$176/ft²
House11,326 sqft lot
View photos & details
Looking to buy in Belleville?
Get connected with a local real estate expert — free, no obligation.
Active listings
12
Homes on market
Median list price
$238K
Avg. days on market
47
Days until sale
New this week
6
Newly listed
Price drops:25.0%of listings
Sale-to-list:100.7%
How much do homes cost in Belleville by property type?
How the Belleville, MI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $276,625 | $154/sq ft | 2 | 47 days |
| Condo / co-op | $137,900 | $134/sq ft | 1 | 42 days |
Who lives in Belleville?
American Community Survey estimates for Belleville. U.S. Census ACS, 2023
Population
3,961
Households
1,810
Median income
$59,929/yr
Median age
40.6 years
Owner-occupied
53.3%
Median home value
$162,700
Median gross rent
$1,077/mo
Mean commute
26.1 min
53.3% of occupied homes in Belleville are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $162,700 against Zillow's $311,394 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,077/mo, below Zillow's $1,402/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Belleville?
8 schools tracked · 4,602 students
The largest public schools serving Belleville, MI 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.
Belleville High School
Grades 7-12 · 1,705 students
Keystone Academy
Grades K-8 · 697 students
McBride Middle School
Grades 6-9 · 559 students
Owen Intermediate School
Grades 4-6 · 546 students
Edgemont Elementary School
Grades K-5 · 374 students
Tyler Road Elementary School
Grades K-4 · 370 students
Savage Road Elementary School
Grades PK-4 · 351 students
Early Childhood Center of VBPS
Grades PK
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 Belleville, MI?
Ordered by distance from Belleville, not by size. Compare Belleville side by side with any of them.
Belleville housing market FAQ
Is Belleville a buyer's or seller's market?
Belleville, MI is currently a balanced market. That read comes from 6.0 months of supply, homes going under contract in about 47 days, and sellers getting 100.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Belleville?
The typical home in Belleville, MI is worth $311,394 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $276,625, about $154 per square foot.
Is Belleville cheaper than the rest of Michigan?
Belleville's median sale price of $276,625 is 7% lower than the Michigan statewide median of $297,900, and 33% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Belleville?
Homes in Belleville, MI spent a median of 47 days on market before going under contract, versus 24 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Belleville?
At the current 30-year fixed rate of 7.03%, 20% down on a $311,394 home is about $1,662 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $71,245 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $59,929.
Are home prices rising in Belleville?
The typical home value in Belleville, MI rose 4.5% over the last 12 months, from $297,856 to $311,394 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Belleville?
Belleville ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Belleville?
That depends on your timeline, not on a headline. What the data says today: Belleville, MI is a balanced market with 6.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 18.5x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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