|
|
Bellwood, Illinois 60104
The Village of Bellwood is located 13 miles west of downtown Chicago in suburban Cook County.
Bellwood's municipal neighbors include Melrose Park to the north, Maywood to the east , Westchester to the south, and Hillside-Berkeley to the west. Transportation links include the major east-west arterial streets of Butterfield Road and St. Charles Road. The major north-south arterial is Mannheim Road (Route 12-45).
The Village is located at the juncture of the Eisenhower Expressway (I-290) and the Tri-State Tollway (I-294). Bellwood is easily accessible from all directions and commuting to Chicago is easy with service from the METRA commuter rail line and PACE bus service. O'Hare Airport is 13 miles from the village.
Most properties sell with FHA/VA or conventional financing. Recent curbs in sub-prime lending has lowered prices and lengthened marketing times. Defaults and foreclosure activity increased dramatically as ARM interest rates reset higher. This excess supply of home inventory places significant downward pressure on prices. Further, declining home prices have made re-financing more difficult.
According to the Northern Illinois MLS the median sales price in Bellwood in the twelve months ending November 21, 2008 for detached homes was $142,500.00 with 163 days on the market, with 79 sales.
Median prices have decreased -25.00% , sales volume has decreased -45.52% and marketing times have increased +45.54% over the previous twelve months.
In the twelve months ending November 21, 2007 the median for a detached home was $190,000.00 with 145 days on the market, with 112 sales.
As of November 24, 2008 there are currently 174 active listings of detached homes in Bellwood. At the current level of absorption of 6.58 sales per month this represents a 26.44 month supply of inventory. This is an oversupply. Housing prices are expected to continue declining until this inventory of surplus homes (excess supply) is reduced to more typical levels.
Citywide Services provides residential appraisal service in Bellwood, IL. 60104. Our appraisers are certified by the State of Illinois. We have experience with all types of residential property and appraise single family homes, townhouses, condominiums as well as small residential income properties. For all your Cook County appraisal needs contact Citywide.
To order an appraisal or to speak with an appraiser call 1-800-405-9718
Village of Bellwood Website
Geographic Area: Bellwood, Cook County Illinois 60104
| Subject |
Number |
Percent |
|
Subject |
Number |
Percent |
|
| Total housing units |
6,661 |
100.0 |
|
OCCUPANTS PER ROOM |
|
|
| UNITS IN STRUCTURE |
|
|
|
Occupied housing units |
6,418 |
100.0 |
| 1-unit, detached |
4,803 |
72.1 |
|
1.00 or less |
5,899 |
91.9 |
| 1-unit, attached |
303 |
4.5 |
|
1.01 to 1.50 |
345 |
5.4 |
| 2 units |
374 |
5.6 |
|
1.51 or more |
174 |
2.7 |
| 3 or 4 units |
459 |
6.9 |
|
|
|
|
| 5 to 9 units |
602 |
9.0 |
|
Specified owner-occupied units |
4,470 |
100.0 |
| 10 to 19 units |
98 |
1.5 |
|
VALUE |
|
|
| 20 or more units |
15 |
0.2 |
|
Less than $50,000 |
38 |
0.9 |
| Mobile home |
7 |
0.1 |
|
$50,000 to $99,999 |
1,255 |
28.1 |
| Boat, RV, van, etc. |
0 |
0.0 |
|
$100,000 to $149,999 |
2,813 |
62.9 |
| |
|
|
|
$150,000 to $199,000 |
296 |
6.6 |
| YEAR STRUCTURE BUILT |
|
|
|
$200,000 to $299,999 |
54 |
1.2 |
| 1999 to March 2000 |
43 |
0.6 |
|
$300,000 to $499,999 |
6 |
0.1 |
| 1995 to 1998 |
92 |
1.4 |
|
$500,000 to $999,999 |
8 |
0.2 |
| 1990 to 1994 |
70 |
1.1 |
|
$1,000,000 or more |
0 |
0.0 |
| 1980 to 1989 |
60 |
0.9 |
|
Median (dollars) |
115,900 |
(X) |
| 1970 to 1979 |
452 |
6.8 |
|
|
|
|
| 1960 to 1969 |
1,076 |
16.2 |
|
MORTGAGE STATUS AND SELECTED |
|
|
| 1940 to 1959 |
4,015 |
60.3 |
|
MONTHLY OWNER COSTS |
|
|
| 1939 or earlier |
853 |
12.8 |
|
With a mortgage |
3,759 |
84.1 |
| |
|
|
|
Less than $300 |
0 |
0.0 |
| ROOMS |
|
|
|
$300 to $499 |
14 |
0.3 |
| 1 room |
41 |
0.6 |
|
$500 to $699 |
153 |
3.4 |
| 2 rooms |
115 |
1.7 |
|
$700 to $999 |
824 |
18.4 |
| 3 rooms |
333 |
5.0 |
|
$1,000 to $1,499 |
2,028 |
45.4 |
| 4 rooms |
1,145 |
17.2 |
|
$1,500 to $1,999 |
644 |
14.4 |
| 5 rooms |
2,166 |
32.5 |
|
$2,000 or more |
96 |
2.1 |
| 6 rooms |
1,312 |
19.7 |
|
Median (dollars) |
1,204 |
(X) |
| 7 rooms |
845 |
12.7 |
|
Not mortgaged |
711 |
15.9 |
| 8 rooms |
409 |
6.1 |
|
Median (dollars) |
380 |
(X) |
| 9 or more rooms |
295 |
4.4 |
|
|
|
|
| Median (rooms) |
5.3 |
(X) |
|
SELECTED MONTHLY OWNER COSTS |
|
|
| |
|
|
|
AS A PERCENTAGE OF HOUSEHOLD |
|
|
| Occupied Housing Units |
6,418 |
100.0 |
|
INCOME IN 1999 |
|
|
| YEAR HOUSEHOLDER MOVED INTO UNIT |
|
|
|
Less than 15 percent |
1,095 |
24.5 |
| 1999 to March 2000 |
716 |
11.2 |
|
15 to 19 percent |
715 |
16.0 |
| 1995 to 1998 |
1,514 |
23.6 |
|
20 to 24 percent |
770 |
17.2 |
| 1990 to 1994 |
1,111 |
17.3 |
|
25 to 29 percent |
577 |
12.9 |
| 1980 to 1989 |
1,574 |
24.5 |
|
30 to 34 percent |
349 |
7.8 |
| 1970 to 1979 |
996 |
15.5 |
|
35 percent or more |
940 |
21.0 |
| 1969 or earlier |
507 |
7.9 |
|
Not computed |
24 |
0.5 |
| |
|
|
|
|
|
|
| VEHICLES AVAILABLE |
|
|
|
Specified renter-occupied units |
1,545 |
100.0 |
| None |
637 |
9.9 |
|
GROSS RENT |
|
|
| 1 |
2,245 |
35.0 |
|
Less than $200 |
15 |
1.0 |
| 2 |
2,455 |
38.3 |
|
$200 to $299 |
23 |
1.5 |
| 3 or more |
1,081 |
16.8 |
|
$300 to $499 |
146 |
9.4 |
| |
|
|
|
$500 to $749 |
881 |
57.0 |
| HOUSE HEATING FUEL |
|
|
|
$750 to $999 |
363 |
23.5 |
| Utility Gas |
5,996 |
93.4 |
|
$1,000 to $1,499 |
57 |
3.7 |
| Bottled, Tank, or LP gas |
79 |
1.2 |
|
$1,500 or more |
28 |
1.8 |
| Electricity |
270 |
4.2 |
|
No cash rent |
32 |
2.1 |
| Fuel oil, kerosene, etc. |
27 |
0.4 |
|
Median (dollars) |
672 |
(X) |
| Coal or coke |
0 |
0.0 |
|
|
|
|
| Wood |
0 |
0.0 |
|
GROSS RENT AS A PERCENTAGE OF |
|
|
| Solar energy |
0 |
0.0 |
|
HOUSEHOLD INCOME IN 1999 |
|
|
| Other fuel |
21 |
0.3 |
|
Less than 15 percent |
339 |
21.9 |
| No fuel used |
25 |
0.4 |
|
15 to 19 percent |
197 |
12.8 |
| |
|
|
|
20 to 24 percent |
223 |
14.4 |
| SELECTED CHARACTERISTICS |
|
|
|
25 to 29 percent |
84 |
5.4 |
| Lacking complete plumbing facilities |
28 |
0.4 |
|
30 to 34 percent |
99 |
6.4 |
| Lacking complete kitchen facilities |
6 |
0.1 |
|
35 percent or more |
504 |
32.6 |
| No telephone service |
186 |
2.9 |
|
Not computed |
99 |
6.4 |
| |
| -Represent zero or rounds to zero. (X) Not applicable. |
| Source: U.S. Bureau of the Census, Census 2000. |
HOME
Today's Inman News
Today's Featured Community
Bellwood Relocation Appraisals
|
|
