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 April 2023

Since last year, 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

$179,925

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,075(-2.7%)

Key Takeaway

Homes in Beloit have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in Beloit was $179,925 in April 2024, down 2.7% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $375K$77K
-79.5%
2 $145.5K$130K
-10.7%
3 $185K$200K
+8.1%
4 $200K$215.5K
+7.8%
5+ $469K$289.9K
-38.2%

Summary: Beloit housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 79.5%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 38.2%.

Median Sold Price Compared To Nearby Cities

Rockton Township
+11.7%
Roscoe Township
-1.9%
Beloit
-2.7%

Housing Supply in Beloit, WI

How many homes are available in Beloit, WI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
162161-0.6%

Summary: The Beloit real estate market had 161 homes for sale in April 2024, a 0.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 24
+100.0%
2 3636
0.0%
3 9082
-8.9%
4 2731
+14.8%
5+ 78
+14.3%

Summary: The Beloit housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4938-22.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

15 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. 39.5% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in Beloit in April 2024, down by 22.4% month-over-month. Of the 38 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% 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 3 Days Ago

Newest Listings in Beloit, WI

Nearby Markets to Beloit, WI

What housing markets are near Beloit, WI?