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Galesburg Reporter

Saturday, May 18, 2024

Williamsfield home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Williamsfield rose by $12,500 while total sales increased by 12.5%, according to BlockShopper.com.

From July through December of 2017, there were nine homes sold, with a median sale price of $56,500 - a 28.4% increase over the $44,000 median sale price for the same period of the previous year. There were eight homes sold in Williamsfield in the second half of 2016.

The median sales tax in Williamsfield for 2017 was $1,297. In 2016, the median sales tax was $1,372. This marks an decrease of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Williamsfield to other Knox County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Maquon3250%$75,000$54,75037%
Galesburg2682631.9%$70,000$61,00014.8%
Yates City47-42.9%$70,000$20,000250%
Altona58-37.5%$61,000$50,50020.8%
Wataga8714.3%$56,750$80,000-29.1%
Williamsfield9812.5%$56,500$44,00028.4%
Knoxville1842-57.1%$54,000$75,000-28%
Abingdon2636-27.8%$53,500$46,75014.4%
Gilson10-$51,000$0-
East Galesburg57-28.6%$48,000$91,500-47.5%
Rio35-40%$35,000$42,500-17.6%

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