From October to December, 133 homes sold in Galesburg for a median price of $59,000. That's 3.2 percent lower than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 8 homes in Galesburg were in foreclosure.
Median property tax for homeowners in Galesburg was $1,638.09 in 2017 according to tax data from that year. That means homeowners pay 2.7 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
118
$64,998
-
2010
88
$61,275
-5.7%
2011
88
$56,500
-7.8%
2012
117
$62,130
10%
2013
104
$64,800
4.3%
2014
118
$71,815
10.8%
2015
133
$61,480
-14.4%
2016
131
$56,700
-7.8%
2017
114
$60,945
7.5%
2018
133
$59,000
-3.2%
Median property tax
Median sale price
Effective property tax rate
2009
$1,586.22
$64,998
2.4%
2010
$1,578.81
$61,275
2.6%
2011
$1,401
$56,500
2.5%
2012
$1,800.50
$62,130
2.9%
2013
$1,481.37
$64,800
2.3%
2014
$1,653.04
$71,815
2.3%
2015
$1,496.59
$61,480
2.4%
2016
$1,467.48
$56,700
2.6%
2017
$1,638.08
$60,945
2.7%
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