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Monday, December 23, 2024

Machesney Park home prices rise in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Machesney Park rose by $1,550 while total sales increased by 10.6%, according to BlockShopper.com.

From January through June of 2017, there were 199 homes sold, with a median sale price of $91,000 - a 1.7% increase over the $89,450 median sale price for the same period of the previous year. There were 180 homes sold in Machesney Park in the first half of 2016.

The median sales tax in Machesney Park for 2017 was $2,977. In 2016, the median sales tax was $2,923. This marks an increase of 1.8%. 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 Machesney Park to other Winnebago County cities with similar median sales prices in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Owen121020%$139,250$121,00015.1%
New Millford46-33.3%$135,500$122,577.5010.5%
Pecatonica2834-17.6%$133,450$134,250-0.6%
Winnebago2834-17.6%$133,000$135,250-1.7%
Cherry Valley96942.1%$131,700$108,25021.7%
Lake Summerset231921.1%$127,500$162,500-21.5%
South Beloit4146-10.9%$122,500$113,4508%
Durand1014-28.6%$115,000$110,1254.4%
Loves Park1541493.4%$94,750$72,00031.6%
Machesney Park19918010.6%$91,000$89,4501.7%
Rockford1,3441,21810.3%$65,000$65,0000%

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