Real Estate Market Update for Belleville, NJ
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 20% from one year earlier, and up 13% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 29%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 180-thousand dollars. The number of units sold increased 58% year-over-year, and increased 58% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Belleville, NJ
Area Information for Belleville, NJ
  • Population: 35,984
  • Median Age: 36.55 yr
  • Median Commute Time: 23.53 mins
  • Educational Climate*: 3
  • Sales Tax: 6.909%
  • Population Density: 10,773/sq mi
  • Population Change Since 2000: .06%
  • Closest Airport: Newark Liberty International
  • Closest College: Bloomfield College
  • Closest Jr. College: Hohokus Rets Institute
  • Median Household Income: $61,349
  • Annual Residential Turnover: 18.95%
  • Median Years in Residence: 2.89 yr
  • Median Home Sales Price: $198,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 27%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Belleville, NJ
Median Age: 36.55 Married: 29% Number of Households: 13,753 Households with Children: 5,037
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Belleville, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Belleville School Number 3 0.3 mi Public K-6 0 0
      Belleville School Number 8 0.4 mi Public K-6 0 0
      Belleville School Number 7 0.5 mi Public PRESCHOOL-6 0 0
      Little Scholar Nursery School Inc 0.5 mi Private PRESCHOOL-K 0 0
      Belleville School Number 10 0.5 mi Public K-6 0 0
      Nw Essex Community Therapeutic School 0.5 mi Private - 0 0
      Belleville Senior High School 0.6 mi Public 9-12 1 3
      Belleville Middle School 0.6 mi Public 7-8 2 3
      Belleville School Number 5 0.6 mi Public K-6 0 0
      Sun Shine Day Care 0.7 mi Private PRESCHOOL-6 0 0
      Sandy Lane Nursery School 0.7 mi Private PRESCHOOL-K 0 0
      St. Peter Elementary School 0.8 mi Catholic PRESCHOOL-8 0 4
      1st Cerebral Palsy Of Nj, Inc 0.9 mi Private PRESCHOOL-12 0 0
      Belleville School Number 9 1.0 mi Public K-6 0 0
      Belleville School Number 4 1.3 mi Public PRESCHOOL-6 0 0
      Washington Academy 1.3 mi Private PRESCHOOL-12 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Belleville, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.