Is South Beloit, IL 61080 a buyer’s or seller’s market?

The South Beloit housing market right now

In the three months ending August 31, 2026, 50% of homes in South Beloit, IL 61080 sold above their list price, the typical home went under contract in 9 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 33 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 35%, homes sold faster (16 days then) and the median sale price fell 8% to $217,406. Overall, South Beloit is more competitive than a year ago, so tougher for buyers.

Within Winnebago County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, South Beloit ranks #34 of 464 IL ZIP codes with enough sales (score 86 out of 100).

Nearby, buyers who want less competition could look at Rockford 61104 (25% sold over asking) or Durand 61024 (29% sold over asking), while Rockford 61108 (63% sold over asking) and Machesney Park 61115 (63% sold over asking) are even more competitive.