Is Beloit, WI 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, 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
$185,000
$119/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Beloit have sold for 11.4% more than they did a month ago.
Summary: The median home sold price in Beloit was $185,000 in March 2024, up 11.4% from last month, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77K | - | N/A |
| 2 Bedrooms | $144.5K | $115K | -20.4% |
| 3 Bedrooms | $149.9K | $185K | +23.4% |
| 4 Bedrooms | $189K | $279.9K | +48.1% |
| 5+ Bedrooms | $290K | $248K | -14.5% |
Summary: 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 decreased by 20.4%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Beloit | $166K | $185K | +11.4% |
| South Beloit | $207.5K | $172K | -17.1% |
Housing Supply in Beloit, WI
How many homes are available in Beloit, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 150 | 164 | +9.3% |
Summary: The Beloit real estate market had 164 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 33 | 38 | +15.2% |
| 3 Bedrooms | 82 | 90 | +9.8% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 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 15.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 45 | +15.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beloit, you could pay more than the asking price. 37.8% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Beloit in March 2024, up by 15.4% month-over-month. Of the 45 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.
Days on Market for Beloit, WI
We’re sorry, we don't have information for this market at the moment
