Is Belleville, NJ 07109 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 2.9 months of supply and 70% 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.

Heat score54/ 100

#77 of 112 ZIP codes in Essex, Morris, Union, Sussex & Hunterdon, NJ, and #245 of 531 across all the markets we track.

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. How the heat score works

Months of supply2.9Under 4 months = seller’s market
Sold above original list69.5%Share of sales, last 3 months
Median sale-to-list103.3%Sold price ÷ list price
Median days on market41Listing to accepted offer
Median price per sq ft$372▲ +13.5% vs. last year

The Belleville housing market right now

In the three months ending August 31, 2026, 70% of homes in Belleville, NJ 07109 sold above their list price, the typical home went under contract in 41 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 84 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 83%, homes sold faster (63 days then) and the median sale price held steady to $529,771. Overall, Belleville is less competitive than a year ago, which gives buyers more room.

Within Essex County, homes here sell more slowly than in 53% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, Belleville ranks #189 of 444 NJ ZIP codes with enough sales (score 80 out of 100).

Nearby, buyers who want less competition could look at Newark 07102 (25% sold over asking) or Essex Fells 07021 (33% sold over asking), while Glen Ridge 07028 (100% sold over asking) and Montclair 07043 (94% sold over asking) are even more competitive.

Nearby markets

Bloomfield 07003Seller’s market $421 /sq ftCaldwell 07006Seller’s market $434 /sq ftCedar Grove 07009Seller’s market $422 /sq ftEast Orange 07017Balanced $252 /sq ft Browse all markets →

Where Belleville is

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Questions about Belleville real estate

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

A seller’s market: there were 2.9 months of supply in Belleville, NJ 07109 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 41 days in the latest three months.

Do homes in Belleville sell over asking?

70% of homes sold above their original list price, and the typical sale closed at 103.3% of the list price.

What are property taxes in Belleville?

About 2.71% of a home’s value a year in Belleville Twp, Essex County, or roughly $10,840 on a $400,000 home.

What is the median home price in Belleville?

The median sale price was $529,771 in the three months ending August 31, 2026, about $372 per square foot.

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