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Galesburg Reporter

Thursday, November 21, 2024

Yates City home prices rise in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Yates City rose by $60,250 while total sales decreased by 50%, according to BlockShopper.com.

From April through June of 2018, there were three homes sold, with a median sale price of $120,000 - a 100.8% increase over the $59,750 median sale price for the same period of the previous year. There were six homes sold in Yates City in the second quarter of 2017.

The median sales tax in Yates City for the most recent year with available data, 2017, was $1,970, approximately 1.6% of the median home sale price for the second quarter of 2018.

The following table compares Yates City to other Knox County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Oak Run11683.3%$340,000$222,00053.2%
Gilson21100%$211,250$3,0006941.7%
Dahinda220%$205,000$99,000107.1%
Yates City36-50%$120,000$59,750100.8%
Knoxville131118.2%$114,000$64,00078.1%
Rio23-33.3%$108,000$145,000-25.5%
Oneida16-83.3%$100,000$85,50017%
Altona21100%$92,500$10,000825%
Wataga35-40%$78,500$30,000161.7%
East Galesburg30-$74,000$0-
Galesburg15413514.1%$65,000$65,500-0.8%

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