Is Beloit, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beloit is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Beloit, WI

How much do homes in Beloit, WI cost?

Median Sold Price

$227,400

$145/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$32,680(+16.8%)

Key Takeaway

Homes in Beloit have sold for 16.8% more than they did a month ago.

Summary: The median home sold price in Beloit was $227,400 in August 2024, up 16.8% from last month, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 $99K-
N/A
2 $177.5K$177.5K
0.0%
3 $215K$245K
+14.0%
4 $181.2K$226.2K
+24.8%
5+ $215.9K$130K
-39.8%

Summary: Beloit housing prices by bedroom type for August 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 14%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 39.8%.

Median Sold Price Compared To Nearby Cities

Beloit
+16.8%
Turtle
+1.6%

Housing Supply in Beloit, WI

How many homes are available in Beloit, WI?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
200206+3.0%

Summary: The Beloit real estate market had 206 homes for sale in August 2024, a 3.0% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 10
-100.0%
2 4349
+14.0%
3 115122
+6.1%
4 3225
-21.9%
5+ 910
+11.1%

Summary: The Beloit housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
59590.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beloit, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Summary: A total of 59 homes were sold or pending in Beloit in August 2024, the same as the previous month. Of the 59 sold homes, 36% were sold under asking, 19% were sold at asking, and 46% were sold over asking.

Days on Market for Beloit, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 7 Days Ago

Newest Listings in Beloit, WI

Nearby Markets to Beloit, WI

What housing markets are near Beloit, WI?