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Tuesday, November 5, 2024

Lake Summerset (Winnebago County) home prices fall in October 2017

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The median sale price of a home sold in October 2017 in Lake Summerset in Winnebago County fell by $14,500 while total sales remained unchanged with four homes sold, according to BlockShopper.com.

In October 2017, there were four homes sold, with a median sale price of $129,500 - a 10.1% decrease over the $144,000 median sale price for the same period of the previous year. There were four homes sold in Lake Summerset in October 2016, as well.

The median sales tax in Lake Summerset for 2017 was $4,099. In 2016, the median sales tax was $4,324. This marks an decrease of 5.2%. 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 Lake Summerset to other Winnebago County cities with similar median sales prices in October 2017:

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Harlem911-18.2%$239,900$169,90041.2%
Roscoe2731-12.9%$168,500$147,00014.6%
New Millford21100%$154,000$113,84635.3%
Rockton21210%$148,000$153,000-3.3%
Owen220%$145,250$142,2502.1%
Lake Summerset440%$129,500$144,000-10.1%
Cherry Valley2812133.3%$128,000$103,07524.2%
South Beloit126100%$119,375$102,00017%
Winnebago114175%$116,000$123,000-5.7%
Loves Park2627-3.7%$96,500$91,0006%
Pecatonica6520%$92,450$120,000-23%
* This story only considers sales data for the part of Lake Summerset that is in Winnebago County.

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