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Thursday, April 18, 2024

Q3 real estate sales report: South Beloit

Realestate077

Median prices rose in South Beloit over last year, and are down 5.8 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 35 homes sold in South Beloit for a median price of $127,000. That's 3.7 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 6 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
33
$134,784
-
2010
19
$85,386
-36.6%
2011
21
$100,365
17.5%
2012
21
$119,900
19.5%
2013
33
$91,800
-23.4%
2014
31
$106,000
15.5%
2015
28
$108,603
2.5%
2016
37
$95,775
-11.8%
2017
33
$122,502
27.9%
2018
35
$127,000
3.7%

Median property tax
Median sale price
Effective property tax rate
2009
$3,413.03
$134,784
2.5%
2010
$2,636.77
$85,386
3.1%
2011
$2,792.34
$100,365
2.8%
2012
$3,647.27
$119,900
3%
2013
$3,491.03
$91,800
3.8%
2014
$2,934.69
$106,000
2.8%
2015
$3,406.51
$108,603
3.1%
2016
$3,353.38
$95,775
3.5%
2017
$3,148.16
$122,502
2.6%
2018
$0
$127,000
0%

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