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Rockford Sun

Tuesday, November 5, 2024

Loves Park (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 Loves Park in Winnebago County fell by $7,950 while total sales increased by 3.5%, according to BlockShopper.com.

From July through September of 2017, there were 89 homes sold, with a median sale price of $83,000 - a 8.7% decrease over the $90,950 median sale price for the same period of the previous year. There were 86 homes sold in Loves Park in the third quarter of 2016.

The median sales tax in Loves Park for 2017 was $2,889.75. In 2016, the median sales tax was $2,841.60. This marks an increase of 1.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.5%.

The following table compares Loves Park 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 Loves Park that is in Winnebago County.

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