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Tuesday, November 5, 2024

Lake Summerset (Winnebago County) home prices rise in the third quarter of 2017

Realestate4

The median sale price of a home sold in the third quarter of 2017 in Lake Summerset in Winnebago County rose by $13,000 while total sales increased by 90.9%, according to BlockShopper.com.

From July through September of 2017, there were 21 homes sold, with a median sale price of $125,000 - a 11.6% increase over the $112,000 median sale price for the same period of the previous year. There were 11 homes sold in Lake Summerset in the third quarter of 2016.

The median sales tax in Lake Summerset for 2017 was $4,098.72. In 2016, the median sales tax was $4,323.90. This marks an decrease of 5.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.3%.

The following table compares Lake Summerset 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)
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%
Loves Park89863.5%$83,000$90,950-8.7%
Rockford77769811.3%$75,000$69,9007.3%
Durand880%$62,500$97,000-35.6%
* This story only considers sales data for the part of Lake Summerset that is in Winnebago County.

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