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Friday, April 19, 2024

Loves Park (Winnebago County) home prices fall in February 2018

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The median sale price of a home sold in February 2018 in Loves Park in Winnebago County fell by $56,500 while total sales increased by 15.8%, according to BlockShopper.com.

In February 2018, there were 22 homes sold, with a median sale price of $73,500 - a 43.5% decrease over the $130,000 median sale price for the same period of the previous year. There were 19 homes sold in Loves Park in February 2017.

The median sales tax in Loves Park for the most recent year with available data, 2017, was $2,890, approximately 3.9% of the median home sale price for February 2018.

The following table compares Loves Park to other Winnebago County cities with similar median sales prices in February 2018:

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Rockton104150%$148,500$172,250-13.8%
Harlem13-66.7%$145,000$148,000-2%
Owen110%$142,000$140,0001.4%
Cherry Valley57-28.6%$130,000$75,00073.3%
Machesney Park221915.8%$128,662.50$102,00026.1%
Winnebago35-40%$125,000$134,500-7.1%
Lake Summerset13-66.7%$119,900$150,000-20.1%
South Beloit73133.3%$99,900$77,50028.9%
Pecatonica50-$93,000$0-
Loves Park221915.8%$73,500$130,000-43.5%
Rockford144163-11.7%$59,949.50$58,0003.4%
* This story only considers sales data for the part of Loves Park that is in Winnebago County.

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