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Saturday, November 23, 2024

South Beloit home prices rise in October 2017

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The median sale price of a home sold in October 2017 in South Beloit rose by $17,375 while total sales increased by 100%, according to BlockShopper.com.

In October 2017, there were 12 homes sold, with a median sale price of $119,375 - a 17% increase over the $102,000 median sale price for the same period of the previous year. There were six homes sold in South Beloit in October 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 2.3%.

The following table compares South Beloit 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)
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%
Durand13-66.7%$90,000$100,000-10%
Machesney Park463243.8%$76,700$86,000-10.8%

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