Is Belvidere, IL 61008 a buyer’s or seller’s market?

The Belvidere housing market right now

In the three months ending August 31, 2026, 45% of homes in Belvidere, IL 61008 sold above their list price, the typical home went under contract in 11 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 99 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 51%, homes sold faster (13 days then) and the median sale price rose 15% to $287,376. Overall, Belvidere is less competitive than a year ago, which gives buyers more room.

Within Boone County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 75%. On our competition score, Belvidere ranks #24 of 464 IL ZIP codes with enough sales (score 87 out of 100).

Nearby, buyers who want less competition could look at Garden Prairie 61038 (0% sold over asking) or Capron 61012 (33% sold over asking), while Poplar Grove 61065 (50% sold over asking) is even more competitive.