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Monday, November 25, 2024

Machesney Park home prices rise in July 2017

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The median sale price of a home sold in July 2017 in Machesney Park rose by $48,125 while total sales increased by 20.6%, according to BlockShopper.com.

In July 2017, there were 41 homes sold, with a median sale price of $122,000 - a 65.1% increase over the $73,875 median sale price for the same period of the previous year. There were 34 homes sold in Machesney Park in July 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 2.4%.

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

CityJuly 2017 Home SalesJuly 2016 Home Sales% change (Total Home Sales)July 2017 Median Sales PriceJuly 2016 Median Sales Price% change (Median Sales Price)
Lake Summerset56-16.7%$150,500$97,50054.4%
Winnebago13785.7%$149,900$146,0002.7%
Harlem6450%$138,450$145,000-4.5%
South Beloit910-10%$125,000$88,69540.9%
Owen220%$123,500$109,70012.6%
Machesney Park413420.6%$122,000$73,87565.1%
Cherry Valley2026-23.1%$115,450$137,500-16%
Pecatonica8633.3%$108,500$93,75015.7%
Loves Park352634.6%$81,000$107,000-24.3%
Rockford25322214%$79,900$73,7508.3%
Durand34-25%$25,000$119,500-79.1%

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