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Rockford Sun

Tuesday, November 26, 2024

South Beloit home prices rise in January 2017

Realestate3

The median sale price of a home sold in January 2017 in South Beloit rose by $49,450 while total sales increased by 300%, according to BlockShopper.com.

In January 2017, there were eight homes sold, with a median sale price of $125,200 - a 65.3% increase over the $75,750 median sale price for the same period of the previous year. There were two homes sold in South Beloit in January 2016.

The median sales tax in South Beloit for 2017 was $2,693. In 2016, the median sales tax was $2,569. This marks an increase of 4.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares South Beloit to other Winnebago County cities with similar median sales prices in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Roscoe3214128.6%$159,500$173,500-8.1%
Cherry Valley811-27.3%$152,700$73,500107.8%
Pecatonica47-42.9%$145,200$86,00068.8%
Harlem40-$144,000$0-
Durand12-50%$135,000$76,37576.8%
South Beloit82300%$125,200$75,75065.3%
Owen330%$120,000$104,00015.4%
Winnebago48-50%$105,107.50$129,875-19.1%
Lake Summerset25-60%$101,000$162,500-37.8%
Loves Park1624-33.3%$85,000$54,78555.2%
Machesney Park342070%$84,329.50$97,000-13.1%

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