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Foreclosure Homes in South Beloit, IL

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South Beloit, IL Foreclosures

How much do homes sell for in South Beloit, IL?
The average home price is currently $237,755.
In South Beloit, IL, how many homes are available?
There are currently 137 active home listings available in South Beloit.
What’s the average rental cost in South Beloit, IL?
The average rental price in South Beloit is $1,263.
What is the most expensive home in South Beloit?
The most expensive home sold in South Beloit had a price of $6,960,123.
What is currently the cheapest priced home in South Beloit, IL?
The cheapest home for sale in South Beloit is priced at $12,505.

Living in South Beloit, IL

South Beloit, IL, is a friendly small town that offers a quaint atmosphere and a variety of amenities. Located along the Rock River, it provides outdoor recreational opportunities, strong educational institutions, and easy access to larger urban centers. With a welcoming community spirit, it's an attractive option for potential real estate investors.

Current Market Conditions in South Beloit, IL

The real estate market in South Beloit is currently favorable for investors, with a mix of affordable homes and rising demand due to its proximity to Rockford and Beloit. Homes in the area are showing steady appreciation, making it a viable market for long-term investments.

New developments are emerging, and there is an increase in interest for both residential and rental properties. Investors can anticipate strong rental yields, as the town attracts families and individuals looking for affordable housing options in a community-oriented setting.

Home Value Estimator For South Beloit, IL

There are currently 3,991 real estate properties in South Beloit, IL, with a median automated valuation model (AVM) price of $232,788.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in South Beloit, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in South Beloit, IL, is $237,755.00, with the most expensive house in South Beloit, IL, topping out at $6,960,123.00 and the cheapest home in South Beloit, IL, clocking in at $12,505.00. In other words, there’s something for every potential homebuyer or savvy investor in South Beloit, IL!

Rent Prices In South Beloit, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in South Beloit, IL, is on a rollercoaster ride. The average rent price in South Beloit, IL, is $1,263.00. Indeed, when looking to rent in South Beloit, IL, you can expect to pay as little as $580.00 or as much as $2,480.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in South Beloit, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

South Beloit, IL Foreclosures


Market Trend for South Beloit, IL

Total Listings Available: 137

Market Values:

Home Prices from $12,505 to $6,960,123

Average Sales Price: $237,755

Rental Values:

Rental from $580 to $2,480

Average Rent Value: $1,263 / month

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