Belvidere, Illinois, is a welcoming small city in Boone County, located about 75 miles northwest of Chicago. With a population of around 25,000, it’s known for its rich history, tight-knit community, and vibrant local culture. Often called the "City of Murals," Belvidere features colorful public art that celebrates its heritage, including its agricultural roots and industrial past, notably as home to a major Stellantis (formerly Chrysler) assembly plant. The Boone County Historical Museum and the scenic Kishwaukee River offer cultural and recreational highlights, while the downtown area charms with historic buildings, local shops, and annual events like the Boone County Fair. Belvidere’s blend of small-town charm, affordable living, and proximity to larger urban centers makes it an appealing place to call home.
Belvidere currently has 45 single family homes for sale with an average list price of $344,201.56, 9 townhouses for sale with an average list price of $280,233.33, 1 condo for sale with a list price of $264,900, and 20 lots for sale with an average list price of $230,455. The average annual property tax for Belvidere is $4,675.73.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Belvidere, i.e. what's hot and what's not.
See What's Hot & What's Not in BelvidereBelvidere home sales for the month of August rose in volume by 4.3% when compared to last year, while the median sale price rose by 32.5% from $172,500 to $228,500. House sales rose by 4.8%, while the median sale price rose by 8.8% from $210,000 to $228,500. Condo sales decreased by 50%, while the median sale price rose by 21.2% from $165,000 to $200,000. Townhouse sales stayed the same, while the median sale price stayed the same.
350
|
291
|
198
|
249
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$195,000
|
$200,000
|
$222,500
|
$259,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |