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Galesburg Reporter

Wednesday, December 25, 2024

Altona home prices fall in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Altona fell by $5,250 while total sales decreased by 66.7%, according to BlockShopper.com.

From July through September of 2017, there were two homes sold, with a median sale price of $63,000 - a 7.7% decrease over the $68,250 median sale price for the same period of the previous year. There were six homes sold in Altona in the third quarter of 2016.

The median sales tax in Altona for 2017 was $1,348.17. In 2016, the median sales tax was $1,394.60. This marks an decrease of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Altona to other Knox County cities with similar median sales prices in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Rio25-60%$120,500$42,500183.5%
Maquon110%$107,500$40,000168.8%
East Galesburg46-33.3%$90,000$67,00034.3%
Oneida21100%$79,000$80,000-1.3%
Williamsfield550%$78,000$68,00014.7%
Galesburg15413216.7%$74,000$69,2506.9%
Knoxville1323-43.5%$69,000$77,500-11%
Altona26-66.7%$63,000$68,250-7.7%
Wataga6450%$59,000$136,500-56.8%
Abingdon1319-31.6%$57,000$36,00058.3%
Gilson10-$51,000$0-

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