Bellwood Housing Update: Prices Dip, Homes Take Longer to Sell
Bellwood, IL – March 21, 2026 – Home prices dipped year over year in February as sales slowed and listings lingered longer on the market.
Bellwood, IL – March 21, 2026 – The local housing market showed softer pricing and slower sales in February, even as some sellers continue to test higher list prices.
Top takeaways
- Median sale price was $206K in February, down 16.3% year over year.
- Homes averaged about 110 days on market, longer than last year.
- Roughly 20% of homes sold above list price, indicating selective competition.
Market snapshot
According to Redfin, the median sale price in February 2026 was $206,000, with five homes sold during the month. Homes took about 110 days to sell on average, compared with a shorter timeline a year ago. The average sale-to-list ratio was about 95.6%, suggesting buyers are negotiating more often.
At the same time, Realtor.com shows a median listing price around $290,000, highlighting a gap between asking and closed prices. Zillow’s 60104 page continues to show steady listing activity across entry-level and move-up homes.
What’s for sale
Current listings range from smaller three-bedroom single-family homes priced under $300K to larger multi-bedroom properties approaching $500K. Inventory includes mid-century ranch homes, updated brick bungalows, and a limited number of higher-capacity rental or investment-style properties. In the past month, Redfin reports nine homes sold, reflecting modest but ongoing turnover.
For renters, recent data from RentCafe indicates updated 2026 rental trends for the area, with apartments and small multifamily properties continuing to serve as alternatives for households priced out of ownership.
Local real estate support
As buyers and sellers navigate longer timelines and price adjustments, local pros can help streamline transactions. Useful services often include home inspectors, roofers, remodelers, HVAC contractors, and movers to prepare properties for market or complete post-closing upgrades.
With homes taking longer to sell and more negotiating room than last year, pricing strategy and property condition appear especially important this spring. Are you seeing more price reductions or steady demand in your block?
Sources
https://www.redfin.com/city/1322/IL/Bellwood/housing-market
https://www.redfin.com/city/1322/IL/Bellwood
https://www.realtor.com/realestateandhomes-search/Bellwood_IL
https://www.zillow.com/bellwood-il-60104/
https://www.rentcafe.com/average-rent-market-trends/us/il/bellwood/