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Rockford Sun

Tuesday, November 26, 2024

Rockford home prices rise in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Rockford rose by $9,000 while total sales increased by 2.2%, according to BlockShopper.com.

From July through September of 2018, there were 794 homes sold, with a median sale price of $84,000 - a 12% increase over the $75,000 median sale price for the same period of the previous year. There were 777 homes sold in Rockford in the third quarter of 2017.

The median sales tax in Rockford for the most recent year with available data, 2017, was $2,329.90, approximately 2.8% of the median home sale price for the third quarter of 2018.

The following table compares Rockford to other Winnebago County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Rockton6066-9.1%$159,250$148,7007.1%
Cherry Valley4360-28.3%$142,000$131,0008.4%
Owen7616.7%$142,000$126,25012.5%
Pecatonica24229.1%$135,750$129,0005.2%
Lake Summerset921-57.1%$135,000$125,0008%
Winnebago25250%$134,500$144,000-6.6%
South Beloit35336.1%$127,000$120,1005.7%
Durand9812.5%$120,000$62,50092%
Loves Park94895.6%$101,000$83,00021.7%
Machesney Park12710323.3%$95,000$96,000-1%
Rockford7947772.2%$84,000$75,00012%

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