Is South Beloit, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Beloit is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, South Beloit has remained a Seller's Market.

Key Takeaway

South Beloit is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in South Beloit, IL cost?

Median Sold Price

$171,500

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$2,750(+1.6%)

Key Takeaway

Homes in South Beloit have sold for 1.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $33.5K$52K
+55.2%
2 $105K$131.5K
+25.2%
3 $168.7K$185.6K
+10.0%
4 $191K$146.2K
-23.4%
5+ $100K-
N/A

Median Sold Price Compared To Nearby Cities

Roscoe Township
+27.7%
Rockton Township
+17.1%
Rockton
+9.3%
South Beloit
+1.6%

How many homes are available in South Beloit, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
1513-13.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 21
-50.0%
3 109
-10.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Beloit, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
16 Days2 Days-87.7%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Beloit are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About South Beloit, IL

Homes for sale in South Beloit, IL have reached 13. The number of homes for sale in South Beloit, IL decreased by 13.3% between July 2022 and August 2022. The median list price of listings available in August 2022 was $171,500, while the average time on the real estate market was 2 days. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties went up by 55.2%, the cost of 2 bedrooms properties went up by 25.2%, prices of 3 bedrooms properties increased by 10%, prices of 4 bedrooms properties decreased by 23.4%, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 50%, 3 bedrooms homes became 10% less available, 4 bedrooms homes did not move, 5 bedrooms homes inventory did not change. Over 2 listings were sold over their listed price in August 2022 in South Beloit, IL. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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