Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 15% from one year earlier, and up 25% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 150-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 52%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 130-thousand dollars. The number of units sold was consistent year-over-year, and held steady month-over-month. an indication that local market conditions were basically unchanged. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for South Beloit, IL
Area Information for South Beloit, IL
Population:7,681
Median Age:38.47 yr
Median Commute Time:20 mins
Educational Climate*:3
Sales Tax:0%
Population Density:1,156/sq mi
Population Change Since 2000:22.07%
Closest Airport:Chicago/rockford International
Closest College:Beloit College
Closest Jr. College:Blackhawk Technical College
Median Household Income:$60,581
Annual Residential Turnover:0%
Median Home Sales Price:$143,000
Closest Major Sports Team:Beloit Snappers (a)
Change Avg. Household Income Since 2000:46.12%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for South Beloit, IL
Median Age: 38.47Married: 42%Number of Households: 2,914Households with Children: 889
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.