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Galesburg Reporter

Saturday, November 23, 2024

Galesburg home prices fall in the second quarter of 2018

Realestate4

The median sale price of a home sold in the second quarter of 2018 in Galesburg fell by $500 while total sales increased by 14.1%, according to BlockShopper.com.

From April through June of 2018, there were 154 homes sold, with a median sale price of $65,000 - a 0.8% decrease over the $65,500 median sale price for the same period of the previous year. There were 135 homes sold in Galesburg in the second quarter of 2017.

The median sales tax in Galesburg for the most recent year with available data, 2017, was $1,331.50, approximately 2% of the median home sale price for the second quarter of 2018.

The following table compares Galesburg 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)
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%
Williamsfield67-14.3%$60,000$130,000-53.8%
Abingdon1517-11.8%$46,400$46,0000.9%
Henderson10-$35,000$0-

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