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Galesburg Reporter

Wednesday, November 6, 2024

Q3 real estate sales report: East Galesburg

Realestate2

Median prices rose in East Galesburg over last year, and are up 519.6 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 3 homes sold in East Galesburg for a median price of $415,000. That's 352.1 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in East Galesburg.

Median property tax for homeowners in East Galesburg was $1,272.50 in 2017 according to tax data from that year. That means homeowners pay 1.4 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.

East Galesburg real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
6
$66,983
-
2010
2
$23,940
-64.3%
2011
3
$94,920
296.5%
2012
8
$63,765
-32.8%
2013
10
$89,640
40.6%
2014
4
$88,510
-1.3%
2015
2
$224,985
154.2%
2016
6
$70,350
-68.7%
2017
4
$91,800
30.5%
2018
3
$415,000
352.1%

Median property tax
Median sale price
Effective property tax rate
2009
$1,088.14
$66,983
1.6%
2010
$749.16
$23,940
3.1%
2011
$1,389.10
$94,920
1.5%
2012
$1,367.83
$63,765
2.1%
2013
$1,394.34
$89,640
1.6%
2014
$1,960.79
$88,510
2.2%
2015
$4,248.76
$224,985
1.9%
2016
$2,003.25
$70,350
2.8%
2017
$1,272.50
$91,800
1.4%

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