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Monday, December 23, 2024

Rockford home prices fall in May 2017

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The median sale price of a home sold in May 2017 in Rockford fell by $16,000 while total sales increased by 9.9%, according to BlockShopper.com.

In May 2017, there were 277 homes sold, with a median sale price of $61,000 - a 20.8% decrease over the $77,000 median sale price for the same period of the previous year. There were 252 homes sold in Rockford in May 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 3.8%.

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

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
New Millford110%$164,000$110,00049.1%
Winnebago57-28.6%$140,000$179,900-22.2%
Rockton171513.3%$138,000$140,000-1.4%
Lake Summerset35-40%$135,000$156,000-13.5%
Pecatonica59-44.4%$134,900$113,00019.4%
Cherry Valley2810180%$134,450$120,33011.7%
Loves Park373119.4%$118,000$87,47234.9%
South Beloit8714.3%$114,000$121,500-6.2%
Durand4333.3%$112,500$156,000-27.9%
Machesney Park453240.6%$95,000$107,450-11.6%
Rockford2772529.9%$61,000$77,000-20.8%

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