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Galesburg Reporter

Wednesday, April 17, 2024

Q4 real estate sales report: East Galesburg

Realestate3

Median prices rose in East Galesburg over last year, and are down 74.5 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 5 homes sold in East Galesburg for a median price of $35,000. That's 7.2 percent higher than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in East Galesburg was $3,138.26 in 2016 according to tax data from that year. That means homeowners pay 2.1 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
5
$137,475
-
2011
3
$56,500
-58.9%
2013
1
$29,160
-48.4%
2014
4
$85,330
192.6%
2015
3
$127,200
49.1%
2016
1
$152,250
19.7%
2017
1
$32,640
-78.6%
2018
5
$35,000
7.2%

Median property tax
Median sale price
Effective property tax rate
2009
$2,552.27
$137,475
1.9%
2011
$562.53
$56,500
1%
2014
$1,014.13
$85,330
1.2%
2015
$6,046.55
$127,200
4.8%
2016
$3,138.26
$152,250
2.1%

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