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Monday, December 23, 2024

Winnebago home prices fall in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Winnebago fell by $11,500 while total sales decreased by 30%, according to BlockShopper.com.

From April through June of 2017, there were 14 homes sold, with a median sale price of $128,500 - a 8.2% decrease over the $140,000 median sale price for the same period of the previous year. There were 20 homes sold in Winnebago in the second quarter of 2016.

The median sales tax in Winnebago for 2017 was $4,115.38. In 2016, the median sales tax was $4,276.10. This marks an decrease of 3.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

The following table compares Winnebago to other Winnebago County cities with similar median sales prices in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Owen7616.7%$143,000$134,8756%
Rockton5477-29.9%$142,700$142,0000.5%
Lake Summerset9812.5%$135,000$157,950-14.5%
Cherry Valley635221.2%$134,901$106,587.5026.6%
Pecatonica1920-5%$134,900$141,750-4.8%
Winnebago1420-30%$128,500$140,000-8.2%
South Beloit2428-14.3%$127,100$113,45012%
Durand79-22.2%$110,000$121,500-9.5%
Loves Park948214.6%$100,000$84,25018.7%
Machesney Park11710610.4%$95,000$86,25010.1%
Rockford78569313.3%$72,033$70,0002.9%

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