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 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

$216,000

$146/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$21,000(+10.8%)

Key Takeaway

Homes in Beloit have sold for 10.8% more than they did a month ago.

Summary: The median home sold price in Beloit was $216,000 in November 2024, up 10.8% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $138K$155K
+12.4%
3 $211K$232.5K
+10.2%
4 $230K$258K
+12.2%
5+ $395K$260K
-34.2%

Summary: Beloit housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 34.2%.

Housing Supply in Beloit, WI

How many homes are available in Beloit, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
184174-5.4%

Summary: The Beloit real estate market had 174 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 24
+100.0%
2 4038
-5.0%
3 10291
-10.8%
4 3035
+16.7%
5+ 106
-40.0%

Summary: The Beloit housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4943-12.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

25 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. 58.1% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in Beloit in November 2024, down by 12.2% month-over-month. Of the 43 sold homes, 21% were sold under asking, 21% were sold at asking, and 58% 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 20 Days Ago

Newest Listings in Beloit, WI

Nearby Markets to Beloit, WI

What housing markets are near Beloit, WI?