Is South Beloit, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South Beloit has remained a Seller's Market.
Housing Prices in South Beloit, IL
How much do homes in South Beloit, IL cost?
Median Sold Price
$172,000
$143/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in South Beloit was $172,000 in March 2024, down 17.1% from last month, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $160K | N/A |
3 Bedrooms | $140K | $217K | +55.0% |
4 Bedrooms | $275K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: South Beloit housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 55%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beloit | $166K | $185K | +11.4% |
South Beloit | $207.5K | $172K | -17.1% |
Housing Supply in South Beloit, IL
How many homes are available in South Beloit, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Summary: The South Beloit real estate market had 13 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Beloit housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in South Beloit in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for South Beloit, IL
How long does it take to sell a home in South Beloit, IL?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 14 Days | -50.8% |
Summary: Homes in South Beloit had an average of 14 days on market in Mar 2024, down by 50.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in South Beloit; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.