Quantcast

Rockford Sun

Saturday, September 28, 2024

Loves Park (Winnebago County) home prices rise in 2017

Re 2

The median sale price of a home sold in 2017 in Loves Park in Winnebago County rose by $7,000 while total sales increased by 0.3%, according to BlockShopper.com.

From January through December of 2017, there were 325 homes sold, with a median sale price of $89,500 - a 8.5% increase over the $82,500 median sale price for the previous year. There were 324 homes sold in Loves Park in 2016.

The median sales tax in Loves Park for 2017 was $2,890. In 2016, the median sales tax was $2,842. 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 3.2%.

The following table compares Loves Park to other Winnebago County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Owen242114.3%$136,700$124,9009.4%
New Millford813-38.5%$135,500$125,0008.4%
Winnebago7276-5.3%$134,250$131,5002.1%
Cherry Valley2131987.6%$133,000$120,00010.8%
Lake Summerset543745.9%$127,500$156,000-18.3%
Pecatonica6381-22.2%$125,000$120,0004.2%
South Beloit95103-7.8%$119,900$105,00014.2%
Durand2431-22.6%$92,250$100,000-7.8%
Loves Park3253240.3%$89,500$82,5008.5%
Machesney Park40335912.3%$88,000$87,0001.1%
Rockford2,8342,52812.1%$70,000$67,0004.5%
* This story only considers sales data for the part of Loves Park that is in Winnebago County.

MORE NEWS