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Galesburg Reporter

Thursday, November 21, 2024

Abingdon home prices rise in the second quarter of 2018

Re 7

The median sale price of a home sold in the second quarter of 2018 in Abingdon rose by $400 while total sales decreased by 11.8%, according to BlockShopper.com.

From April through June of 2018, there were 15 homes sold, with a median sale price of $46,400 - a 0.9% increase over the $46,000 median sale price for the same period of the previous year. There were 17 homes sold in Abingdon in the second quarter of 2017.

The median sales tax in Abingdon for the most recent year with available data, 2017, was $1,156.60, approximately 2.5% of the median home sale price for the second quarter of 2018.

The following table compares Abingdon 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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