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Wednesday, November 27, 2024

Q2 real estate sales report: South Beloit

Realestate4

Median prices declined in South Beloit over last year, and are down 21 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 36 homes sold in South Beloit for a median price of $105,950. That's 18.3 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 3 homes in South Beloit were in foreclosure.

Median property tax for homeowners in South Beloit was $0 in 2018 according to tax data from that year. That means homeowners pay 0 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

South Beloit real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
30
$134,158
-
2010
28
$134,270
0.1%
2011
51
$35,239
-73.8%
2012
19
$119,900
240.2%
2013
27
$100,440
-16.2%
2014
22
$88,272
-12.1%
2015
27
$96,460
9.3%
2016
28
$119,123
23.5%
2017
24
$129,642
8.8%
2018
36
$105,950
-18.3%

Median property tax
Median sale price
Effective property tax rate
2009
$3,886
$134,158
2.9%
2010
$3,532.68
$134,270
2.6%
2011
$369.71
$35,239
1%
2012
$3,960.25
$119,900
3.3%
2013
$2,672.30
$100,440
2.7%
2014
$2,725.37
$88,272
3.1%
2015
$2,791.79
$96,460
2.9%
2016
$3,256.63
$119,123
2.7%
2017
$3,474.16
$129,642
2.7%
2018
$0
$105,950
0%

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