Foreclosure Homes in Belleville, IL 62226

Current Market Conditions in Belleville, IL

The Belleville real estate market has shown promising signs of growth, with an increase in demand for single-family homes. The community has seen a surge in new development, which reflects the attractiveness of the area for homebuyers looking for affordability and convenience.

Market trends indicate a steady appreciation in home values, with average prices rising due to low inventory and high demand. The ongoing development projects in Belleville are likely to continue driving interest in the housing market.

The current market shows optimism among sellers, as homes are moving quickly, often with multiple offers, indicating a competitive environment.

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.