From April to June, 151 homes sold in Galesburg for a median price of $65,000. That's 2.7 percent lower than median home sale prices for the second quarter of 2017.
In the second quarter, 5 homes in Galesburg were in foreclosure.
Median property tax for homeowners in Galesburg was $20,884.50 in 2016 according to tax data from that year. That means homeowners pay 35.5 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Galesburg real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
130
$63,765
-
2010
125
$79,800
25.1%
2011
127
$70,060
-12.2%
2012
123
$65,945
-5.9%
2013
137
$76,680
16.3%
2014
152
$55,120
-28.1%
2015
145
$58,300
5.8%
2016
166
$58,800
0.9%
2017
135
$66,810
13.6%
2018
151
$65,000
-2.7%
Median property tax
Median sale price
Effective property tax rate
2009
$21,955.05
$63,765
34.4%
2010
$24,829.20
$79,800
31.1%
2011
$21,311.80
$70,060
30.4%
2012
$22,345
$65,945
33.9%
2013
$23,203.80
$76,680
30.3%
2014
$18,348.60
$55,120
33.3%
2015
$16,801
$58,300
28.8%
2016
$20,884.50
$58,800
35.5%
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