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Thursday, October 31, 2024

Winnebago home prices fall in January 2018

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The median sale price of a home sold in January 2018 in Winnebago fell by $50,108 while total sales decreased by 25%, according to BlockShopper.com.

In January 2018, there were three homes sold, with a median sale price of $55,000 - a 47.7% decrease over the $105,108 median sale price for the same period of the previous year. There were four homes sold in Winnebago in January 2017.

The median sales tax in Winnebago for the most recent year with available data, 2017, was $4,115, approximately 7.5% of the median home sale price for January 2018.

The following table compares Winnebago 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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