Is Belleville, IL 62220 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Belleville is a seller’s market. With about 3 months of supply and 32% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score63/ 100

More competitive than 66% of U.S. ZIP codes, and #270 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3Under 4 months = seller’s market
Sold above original list32.2%Share of sales, last 3 months
Median sale-to-list99.4%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$112▲ +0.9% vs. last year

The Belleville housing market right now

In the three months ending August 31, 2026, 32% of homes in Belleville, IL 62220 sold above their list price, the typical home went under contract in 35 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 93 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 39%, homes sold faster (42 days then) and the median sale price rose 3% to $170,926. Overall, Belleville is less competitive than a year ago, which gives buyers more room.

Within St. Clair County, homes here sell faster than in 54% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Belleville ranks #270 of 464 IL ZIP codes with enough sales (score 63 out of 100).

Nearby, buyers who want less competition could look at Summerfield 62289 (0% sold over asking) or Saint Libory 62282 (0% sold over asking), while East Carondelet 62240 (75% sold over asking) and Freeburg 62243 (57% sold over asking) are even more competitive.

Nearby markets

Belleville 62221Seller’s market $136 /sq ftBelleville 62223Seller’s market $116 /sq ftBelleville 62226Seller’s market $120 /sq ftCaseyville 62232Seller’s market $143 /sq ft Browse all markets →

Where Belleville is

Loading map…

Questions about Belleville real estate

Is Belleville a buyer’s or seller’s market?

A seller’s market: there were 3 months of supply in Belleville, IL 62220 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Belleville?

The typical home went under contract in 35 days in the latest three months.

Do homes in Belleville sell over asking?

32% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.

What are property taxes in Belleville?

About 2.03% of a home’s value a year in St. Clair County, or roughly $8,120 on a $400,000 home.

What is the median home price in Belleville?

The median sale price was $170,926 in the three months ending August 31, 2026, about $112 per square foot.

No sponsored agents in 62220 yet. Are you an agent here? Put your name in front of local buyers.

More tools for 62220

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology