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Saturday, September 28, 2024

Winnebago home prices fall in the fourth quarter of 2017

Realestate4

The median sale price of a home sold in the fourth quarter of 2017 in Winnebago fell by $9,000 while total sales decreased by 9.5%, according to BlockShopper.com.

From October through December of 2017, there were 19 homes sold, with a median sale price of $120,000 - a 7% decrease over the $129,000 median sale price for the same period of the previous year. There were 21 homes sold in Winnebago in the fourth 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 3.4%.

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

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Owen6520%$168,700$110,00053.4%
New Millford21100%$154,000$113,84635.3%
Rockton45450%$143,000$153,000-6.5%
Cherry Valley574042.5%$137,000$116,05018.1%
Lake Summerset10742.9%$132,500$160,000-17.2%
Winnebago1921-9.5%$120,000$129,000-7%
South Beloit21205%$105,000$87,50020%
Durand69-33.3%$100,250$89,00012.6%
Loves Park8289-7.9%$90,000$89,0001.1%
Pecatonica1323-43.5%$89,900$120,000-25.1%
Machesney Park1017338.4%$83,600$90,000-7.1%

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