Belmont Terrace · Chicago, IL

Is Now a Good Time to Sell in Belmont Terrace, Chicago?

The median home in Belmont Terrace sells for $345,000 with prices up 1% year-over-year. Ridley's flat fee saves you $6,851.

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Belmont Terrace Real Estate Market Conditions

57out of 100

Ridley Sell Score

How it's scored →

Moderate

57/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Belmont Terrace market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Illinois average is 2.9.

Price MomentumNeutral

Prices up 1.173020528% year-over-year — vs. +8% statewide.

Seller LeverageFavors buyers

Homes selling at 97.15% of asking — buyers are negotiating 2.8% below list. Illinois average is 98.1%.

Bidding ActivityNeutral

28.57% of homes selling above list price — 16% above the Illinois average of 24.7%.

Sale SpeedFavors sellers

39 median days on market — 20 days faster than the Illinois average.

Market UrgencyFavors sellers

50% of listings go pending within 2 weeks — vs. 38.4% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Illinois average is 18.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$345,000

+1%

Days on Market

39

Price per Sq Ft

$288

Sale-to-List Ratio

97.15%

Homes Sold

7

Sold Above List

28.57%

Pending in 2 Weeks

50%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Chicago — delivered monthly.

Your savings

How much can you save selling in Belmont Terrace?

$0Estimated savings

That's 6 months of groceries — save 2.0% of your home value

$345,000

$50,000$10M

Traditional Agent (3%)

$10,350

Ridley Pro (flat fee)

$3,499

Ready to sell in Belmont Terrace?

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Cost comparison

Cost to sell in Belmont Terrace

Traditional AgentBest valueRidley ProRidley Essentials
Listing fee$10,350$3,499$999
Buyer agent$9,6602.8% avg$6,900~2% avg$6,900~2% avg
Closing costs (~1.5%)$5,175$5,175$5,175
Total cost$25,185$15,574$13,074
You save$6,851$9,351

Based on the Belmont Terrace median home price of $345,000. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Belmont Terrace

A flat fee of $3,499 instead of the typical $10,350 commission — with a dedicated agent at every step.

1

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Belmont Terrace market data so you list at the right price.

2

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

3

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Belmont Terrace buyers look — plus a custom Ridley listing page with AI chat.

4

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

5

Close and keep $6,851 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

FAQ

Common questions about selling in Belmont Terrace

Ready to sell in Belmont Terrace?

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