Foreclosure Homes in Belleville, IL 62220

Current Market Conditions in Belleville, IL

The current real estate market in Belleville, IL is experiencing a steady growth trend, characterized by a stable demand for homes and a competitive landscape for buyers. Recently, the area has seen an influx of people moving from nearby urban centers, drawn by the affordability of housing and the charm of suburban living.

Overall, home prices have been increasing over the past few months, reflecting a tight inventory. Homes here typically sell quickly, and bidding wars are not uncommon for well-priced listings. Such dynamics indicate a vibrant market with a positive outlook for both buyers and sellers.

Rent Prices In Belleville, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Belleville, IL, is on a rollercoaster ride. The average rent price in Belleville, IL, is $1,192.00. Indeed, when looking to rent in Belleville, IL, you can expect to pay as little as $540.00 or as much as $3,140.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Belleville, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.