Belleville Home Prices & Values

$222,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -7.5% 1-year change
  • -2.7% 1-year forecast

The median home value in Belleville is $222,400. Belleville home values have declined -7.5% over the past year and Zillow predicts they will fall -2.7% within the next year. The median list price per square foot in Belleville is $180, which is lower than the New York Metro average of $258. The median price of homes currently listed in Belleville is $267,500 while the median price of homes that sold is $218,077. The median rent price in Belleville is $1,485, which is lower than the New York Metro median of $2,795.

Foreclosures will be a factor impacting home values in the next several years. In Belleville 0.8 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.1 and also lower than the national value of 4.8

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Relative ZHVI
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Belleville Market Overview

Data through May 31, 2014
  • $222,400 ZHVI
  • -2.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $267,500 Median listing price
  • No recent data Median sale price
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Belleville Market Health

Data through May 31, 2014
  • 0.2/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)

Homes foreclosed (per 10,000)

0.8 homes(Dec 31, 2013) Belleville
1.1 homes New York Metro
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Montclair $530,100 Glen Ridge $525,700 Nutley $341,400
Lyndhurst $316,300 North Arlington $315,800 Harrison $310,400
Bloomfield $272,600 Kearny $270,000 East Newark $224,100

Listings & Sales

Data through May 31, 2014
  • $180 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 16.7% Listings with price cut
48.3%
Sold below listing
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Belleville Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,527 Belleville
$2,297 New York Metro
$1,310 United States
  • 5.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,485 Rent list price
  • $1.65 Rent list price / sq ft
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