Beloit, WI Real Estate

Beloit, Wisconsin is a historic city located just above the Wisconsin border. Serviced by Interstate 39/90, the city provides easy access to Chicago, Illinois, Milwaukee, Wisconsin and Madison, Wisconsin for those who need to commute. Populated by 36,633 people, Beloit is home to more than 88 industrial firms, 850 retail establishments, a minor league baseball team and Beloit College. The gorgeous Rock River runs along the City Center. The City’s Historical Society and the Hanchett-Barlett Homestead showcase Beloit’s proud history.

The Beloit housing market provides an array of homes for sale. Homes on the market include classic Cape Cods, five-bedroom houses, charming Colonials and river front Contemporaries. Home builders around the city are Preferred Homes, Eastwood Homes, Richards Construction and Natts Construction. The average price of a home in the Beloit area is $86,710 with the cost of living 21.40 percent lower than the U.S. average.

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The city of Beloit offers plenty of entertainment opportunities that the whole family can enjoy. The city has plenty of options from minor league baseball to historic places.

The Beloit Snappers are a minor league baseball team that provides sports entertainment. The Class A affiliate of the Minnesota Twins provides a great time at the ball park. The team’s season runs from April to early September.

Theater productions can be seen at the American Industrial Arts Gallery performed by the Wisconsin Theatreworks . The gallery provides a unique atmosphere to watch productions. Dinner theater is an option for each production.

The Beloit Angel Museum is known world-wide for its angel collection that includes the Berg Collection. Also, included of the more than 12,000 angels are 900 black angels donated by Oprah Winfrey. The museum has a Heavenly Treasures Gift Shop and A Taste of Heaven Café.

Enjoy a nice picnic after a tour of Beckman Mill. With more than 50-acres of land, the county park maintains a nature path, blacksmith and saw mill shop display and heritage garden. Visitors can also fish in the 17-acre mill pond.

For those who love fresh produce, the city has area apple orchards that generate award-winning ciders. Visitors can pick fresh apples and various seasonal fruits. The orchards sell apple pies, apple cider and jams and jelly.

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Beloit has preserved much of its history with its Native American Indian Mounds, historic homes and city center buildings. In the early 1800s, Native Americans of the Winnebago tribe fled the area when Black Hawk and his tribe were being chased during the Black Hawk War. Among the men pursing the Native Americans was a private named Abraham Lincoln of General Atkinson’s platoon. The platoon made a camp in Beloit on July 1, 1832 during their pursuit.

In the 1820s, the first settler arrived in the Beloit area and traded with the Winnebago tribe. Early settlers were people from many European nationalities. A safe-haven on the Underground Railroad, Beloit saw a solid population of hard working African-Americans. Beloit’s history of diversity has generated a large and diverse population in the city.

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Beloit properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Aldrich Middle School (Beloit) Beloit School District Public 635 11 ALDRICH MIDDLE SCHOOL GreatSchools Rating
Cunningham Elementary School (Beloit) Beloit School District Public 610 13 CUNNINGHAM ELEMENTARY SCHOOL GreatSchools Rating
Fruzen Intermediate (Beloit) Beloit School District Public 644 16 FRUZEN INTERMEDIATE GreatSchools Rating
Mcneel Middle School (Beloit) Beloit School District Public 624 12 MCNEEL MIDDLE SCHOOL GreatSchools Rating
Memorial High School (Beloit) Beloit School District Public 1906 15 MEMORIAL HIGH SCHOOL GreatSchools Rating
Townview Elementary School (Beloit) Beloit Turner School District Public 350 16 TOWNVIEW ELEMENTARY SCHOOL GreatSchools Rating
Turner High School (Beloit) Beloit Turner School District Public 459 14 TURNER HIGH SCHOOL GreatSchools Rating
Turner Middle School (Beloit) Beloit Turner School District Public 380 16 TURNER MIDDLE SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 48,428 163,344 5,852,878
Total Households 18,415 64,140 2,349,819
Total Families 12,250 43,224 1,516,725
Percent Male 49% 49% 50%
Percent Female 51% 51% 50%
White Collar Jobs 58% 58% 58%
Blue Collar Jobs 42% 42% 42%

Top Occupations

Professions Population Employed
Professional Services 4,462
Sales 2,804
Healthcare 2,254
Food 1,809
Maintenance 1,588
Manufacturing 1,460
Transportation 1,232
Management 1,062
Construction 671
Education 667

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Housing Demographics

  City County State
Total Housing Units
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Owner Occupied Housing Units 12,131 45,270 1,601,729
Renter Occupied Housing Units 6,284 18,870 748,090
Vacant Housing Units 1,503 5,027 311,518
Occupancy Rate 92% 91% 84%

Commute Time To Work

2
  City County State
Less than 5 minutes 925 3,501 135,725
5 - 15 minutes 8,063 27,315 877,463
15 - 30 minutes 7,435 26,100 975,154
30 - 45 minutes 2,533 9,246 370,565
45-60 minutes 1,096 3,916 120,537
Over 60 minutes 882 3,000 113,603

Total Housing Units

Housing By Occupant

Commute Time To Work

Age of Homeowners

Education Attainment

  City County State
Some High School 3,637 8,326 224,571
High School Graduate 11,780 40,126 1,256,597
Some College 6,758 24,009 833,955
Associates Degree 2,672 11,411 410,260
Bachelors Degree 3,164 15,211 747,113
Graduate Degree 2,075 7,792 384,121

Education Attainment


Market Conditions
Market Conditions for Beloit - February 2020 | Shorewest Realtors®
February 2020

Market Conditions for Beloit

Median Sale Price Graph

Median Sale Price

The median sale price for homes in February was $122,000. The median sales price for homes in February rose by $2,100 compared to last month. This represents a 1.75% increase from January. Compared to the same month last year, the median price of homes rose by $35,500 representing a 41.04% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale rose by 7 in February to 101. This represents 7.44% increase from January when 94 homes were on the market. Compared to the same month last year when there were 79 homes for sale, the inventory of homes for sale has risen by 22 representing a 27.84% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 25 homes sold in February was 8 more than in January. This represents a 47.05% increase in sales from January. Compared to the same month last year, the number of homes sold decreased by 11, a -30.55% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in February (45) decreased by 4 days compared to January. This represents a 8.16% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 4, a -8.16% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 92.83% in February fell by 1.61% compared to January and decreased 3.86% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in February (35) remained level Compared to February 2019, the number of new listings increased by 4, a 12.9% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in February was $119,000. The median list price for homes in February rose by $24,000 compared to last month. This represents a 25.26% increase from January. Compared to the same month last year, the median list price of homes increased $24,100 representing a 25.39% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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