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Thursday, October 31, 2024

Rockford home prices rise in January 2018

Realestate077

The median sale price of a home sold in January 2018 in Rockford rose by $16,500 while total sales increased by 3.4%, according to BlockShopper.com.

In January 2018, there were 181 homes sold, with a median sale price of $70,000 - a 30.8% increase over the $53,500 median sale price for the same period of the previous year. There were 175 homes sold in Rockford in January 2017.

The median sales tax in Rockford for the most recent year with available data, 2017, was $2,330, approximately 3.3% of the median home sale price for January 2018.

The following table compares Rockford 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%

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