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Rockford Sun

Tuesday, November 26, 2024

Loves Park (Boone County) home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Loves Park in Boone County fell by $20,500 while total sales decreased by 46.2%, according to BlockShopper.com.

From July through September of 2018, there were seven homes sold, with a median sale price of $239,000 - a 7.9% decrease over the $259,500 median sale price for the same period of the previous year. There were 13 homes sold in Loves Park in the third quarter of 2017.

The median sales tax in Loves Park for the most recent year with available data, 2017, was $7,398.40, approximately 3.1% of the median home sale price for the third quarter of 2018.

The following table compares Loves Park to other Boone County cities in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Timberlane114175%$250,000$197,00026.9%
Loves Park713-46.2%$239,000$259,500-7.9%
Caledonia67-14.3%$237,700$232,5002.2%
Poplar Grove2223-4.3%$184,450$170,0008.5%
Belvidere1341248.1%$143,950$148,500-3.1%
Candlewick Lake433716.2%$140,000$120,00016.7%
Capron92350%$127,500$117,5008.5%
Garden Prairie10-$77,500$0-
* This story only considers sales data for the part of Loves Park that is in Boone County.

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