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Tuesday, November 5, 2024

Winnebago home prices fall in October 2017

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The median sale price of a home sold in October 2017 in Winnebago fell by $7,000 while total sales increased by 175%, according to BlockShopper.com.

In October 2017, there were 11 homes sold, with a median sale price of $116,000 - a 5.7% decrease over the $123,000 median sale price for the same period of the previous year. There were four homes sold in Winnebago in October 2016.

The median sales tax in Winnebago for 2017 was $4,115. In 2016, the median sales tax was $4,276. This marks an decrease of 3.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.5%.

The following table compares Winnebago 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)
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%
Rockford25122213.1%$75,000$73,5002%

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