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Saturday, November 23, 2024

Rockford home prices rise in April 2017

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The median sale price of a home sold in April 2017 in Rockford rose by $15,400 while total sales increased by 8.5%, according to BlockShopper.com.

In April 2017, there were 217 homes sold, with a median sale price of $72,500 - a 27% increase over the $57,100 median sale price for the same period of the previous year. There were 200 homes sold in Rockford in April 2016.

The median sales tax in Rockford for 2017 was $2,330. In 2016, the median sales tax was $2,291. 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 Rockford to other Winnebago County cities with similar median sales prices in April 2017:

CityApr. 2017 Home SalesApr. 2016 Home Sales% change (Total Home Sales)Apr. 2017 Median Sales PriceApr. 2016 Median Sales Price% change (Median Sales Price)
Roscoe352634.6%$168,000$159,9505%
Harlem330%$162,000$195,000-16.9%
Winnebago26-66.7%$138,750$118,25017.3%
Rockton1624-33.3%$135,200$149,500-9.6%
Cherry Valley1317-23.5%$135,000$75,00080%
Lake Summerset21100%$115,000$159,900-28.1%
Owen23-33.3%$111,450$135,750-17.9%
Machesney Park3132-3.1%$93,000$77,25020.4%
Loves Park261936.8%$91,500$113,159-19.1%
Rockford2172008.5%$72,500$57,10027%
South Beloit513-61.5%$69,825$105,000-33.5%

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