From July to September, 145 homes sold in Galesburg for a median price of $71,000. That's 5.9 percent lower than median home sale prices for the third quarter of 2017.
In the third quarter, 16 homes in Galesburg were in foreclosure.
Median property tax for homeowners in Galesburg was $1,848.61 in 2017 according to tax data from that year. That means homeowners pay 2.4 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.
Galesburg real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
128
$70,200
-
2010
114
$70,680
0.7%
2011
149
$70,060
-0.9%
2012
143
$73,030
4.2%
2013
158
$71,820
-1.7%
2014
162
$64,925
-9.6%
2015
179
$68,900
6.1%
2016
132
$72,713
5.5%
2017
154
$75,480
3.8%
2018
145
$71,000
-5.9%
Median property tax
Median sale price
Effective property tax rate
2009
$1,510.28
$70,200
2.2%
2010
$1,511.33
$70,680
2.1%
2011
$1,600.44
$70,060
2.3%
2012
$1,598.28
$73,030
2.2%
2013
$1,673.68
$71,820
2.3%
2014
$1,612.92
$64,925
2.5%
2015
$1,828.88
$68,900
2.7%
2016
$1,982.10
$72,713
2.7%
2017
$1,848.60
$75,480
2.4%
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