April: Home prices in South Beloit fell

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The median sale price of a home sold in April in South Beloit fell by $9,500 while total sales decreased by 37.5 percent, according to BlockShopper.com.

In April, there were 10 homes sold, with a median sale price of $142,000 - a 6.3 percent decrease from the $151,500 median sale price for the same period of the previous year. There were 16 homes sold in South Beloit in April 2021.

The median sales tax in South Beloit for the most recent year with available data, 2019, was $2,654, approximately 1.9 percent of the median home sale price for April.

The following table compares South Beloit to other Winnebago County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
New Millford10-$257,500$0-
Lake Summerset41300$200,500$122,75063.3
Loves Park321788.2$145,000$124,10016.8
South Beloit1016-37.5$142,000$151,500-6.3
Cherry Valley78-12.5$140,000$125,00012
Machesney Park2532-21.9$113,500$102,50010.7

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