Belleville, IL Housing Market & Real Estate Update (February 28, 2026)
Belleville, IL – February 28, 2026 – Redfin shows a $145K median sale price (Jan 2026), steady competition, and new listings to watch as early spring approaches.
In Belleville, mortgage-rate swings and modest pricing are keeping many buyers selective. Even so, well-priced homes in solid condition can still draw quick interest, while other listings may need time (or a sharper price) to move.
Quick takeaways (Jan 2026)
- Median sale price: $145K, down 2.0% year over year.
- Competition: Homes go pending in about 48 days; the sale-to-list price ratio was 100.1%.
- Fresh supply: 43 new listings posted, with a $150K median listing price.
Market snapshot
Recent sales activity points to a balanced-to-competitive pace. Many listings are taking roughly two months to sell (about 64 days on market), but “hot” homes can move faster when priced right and presented well. For buyers, that can mean watching for homes that are priced appropriately from day one. For sellers, it reinforces that condition, pricing, and timing matter—especially when rates or buyer sentiment shift week to week.
Local development pulse
The Downtown Development Commission posted cancellation notices for its January 26 and February 23 meetings, meaning there were no public agendas from those sessions to scan for downtown project updates. With no new meeting materials in those dates, anyone tracking downtown activity may need to rely on future meeting postings for the next round of public items.
What are you seeing right now—more price cuts, more multiple-offer homes, or more renters testing the market?