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 May 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

$179,950

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$2,550(-1.4%)

Key Takeaway

Homes in Beloit have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Beloit was $179,950 in May 2024, down 1.4% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $375K$75.4K
-79.9%
2 $144K$130K
-9.7%
3 $200K$195K
-2.5%
4 $210K$210K
0.0%
5+ $405.5K$254.9K
-37.1%

Summary: Beloit housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 79.9%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 37.1%.

Median Sold Price Compared To Nearby Cities

Rockton Township
+12.5%
Turtle
+12.4%
South Beloit
+12.2%
Roscoe Township
+0.8%
Beloit
-1.4%

Housing Supply in Beloit, WI

How many homes are available in Beloit, WI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
155184+18.7%

Summary: The Beloit real estate market had 184 homes for sale in May 2024, a 18.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 33
0.0%
2 3638
+5.6%
3 7794
+22.1%
4 3141
+32.3%
5+ 88
0.0%

Summary: The Beloit housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
4146+12.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

28 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. 60.9% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in Beloit in May 2024, up by 12.2% month-over-month. Of the 46 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% 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 1 Day Ago

Newest Listings in Beloit, WI

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