South Beloit, Illinois, is a small city in Winnebago County, nestled along the Illinois-Wisconsin state line, just south of Beloit, Wisconsin. With a population of around 7,500, it offers a close-knit community vibe with a blend of suburban and rural charm. The city sits along the scenic Rock River, providing opportunities for outdoor activities like fishing, boating, and hiking in nearby parks such as the Nature at the Confluence preserve. South Beloit is known for its rich industrial history, affordable living, and proximity to larger cities like Rockford and Janesville, making it a convenient hub for commuters. Its local events, like the annual South Beloit Summer Festival, foster community spirit, while small businesses and restaurants add to its welcoming atmosphere.
South Beloit currently has 12 single family homes for sale with an average list price of $251,183.33, 1 condo for sale with a list price of $172,000, and 10 lots for sale with an average list price of $333,670. The average annual property tax for South Beloit is $3,945.76.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in South Beloit, i.e. what's hot and what's not.
See What's Hot & What's Not in South BeloitSouth Beloit home sales for the month of June rose in volume by 12.5% when compared to last year, while the median sale price rose by 14% from $197,300 to $225,000. House sales rose by 14.3%, while the median sale price rose by 0.6% from $231,000 to $232,500. Condo sales stayed the same, while the median sale price rose by 7% from $163,600 to $175,000.
71
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50
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50
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55
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2021 | 2022 | 2023 | 2024 |
# of sales per year |
$175,000
|
$195,000
|
$213,000
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$225,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |