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Friday, November 1, 2024

Lake Summerset (Winnebago County) home prices rise in January 2018

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The median sale price of a home sold in January 2018 in Lake Summerset in Winnebago County rose by $11,750 while total sales increased by 100%, according to BlockShopper.com.

In January 2018, there were four homes sold, with a median sale price of $112,750 - a 11.6% increase over the $101,000 median sale price for the same period of the previous year. There were two homes sold in Lake Summerset in January 2017.

The median sales tax in Lake Summerset for the most recent year with available data, 2017, was $4,099, approximately 3.6% of the median home sale price for January 2018.

The following table compares Lake Summerset to other Winnebago County cities with similar median sales prices in January 2018:

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Roscoe1832-43.8%$147,950$159,500-7.2%
South Beloit78-12.5%$137,500$125,2009.8%
Durand51400%$132,000$135,000-2.2%
Owen13-66.7%$130,000$120,0008.3%
Cherry Valley12850%$123,450$152,700-19.2%
Lake Summerset42100%$112,750$101,00011.6%
Machesney Park393414.7%$110,000$84,329.5030.4%
Loves Park1416-12.5%$80,500$85,000-5.3%
Rockford1811753.4%$70,000$53,50030.8%
Pecatonica6450%$70,000$145,200-51.8%
Winnebago34-25%$55,000$105,107.50-47.7%
* This story only considers sales data for the part of Lake Summerset that is in Winnebago County.

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