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Friday, November 22, 2024

Cherry Valley (Winnebago County) home prices fall in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Cherry Valley in Winnebago County fell by $4,500 while total sales decreased by 6.3%, according to BlockShopper.com.

From July through September of 2017, there were 60 homes sold, with a median sale price of $131,000 - a 3.3% decrease over the $135,500 median sale price for the same period of the previous year. There were 64 homes sold in Cherry Valley in the third quarter of 2016.

The median sales tax in Cherry Valley for 2017 was $3,960.04. In 2016, the median sales tax was $3,919.50. This marks an increase of 1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.

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

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Roscoe92911.1%$183,942.50$167,9009.6%
Harlem16156.7%$165,500$162,5001.8%
Rockton66626.5%$148,700$146,7501.3%
New Millford26-66.7%$145,000$132,5009.4%
Winnebago252119%$144,000$125,00015.2%
Cherry Valley6064-6.3%$131,000$135,500-3.3%
Pecatonica2224-8.3%$129,000$116,00011.2%
Owen660%$126,250$124,9501%
Lake Summerset211190.9%$125,000$112,00011.6%
South Beloit3337-10.8%$120,100$91,21431.7%
Machesney Park103106-2.8%$96,000$85,944.5011.7%
* This story only considers sales data for the part of Cherry Valley that is in Winnebago County.

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