From July through December of 2017, there were five homes sold, with a median sale price of $48,000 - a 47.5% decrease over the $91,500 median sale price for the same period of the previous year. There were seven homes sold in East Galesburg in the second half of 2016.
The median sales tax in East Galesburg for 2017 was $1,230. In 2016, the median sales tax was $1,466. This marks an decrease of 16.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.
The following table compares East Galesburg to other Knox County cities with similar median sales prices in the second half of 2017:
| City | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Galesburg | 268 | 263 | 1.9% | $70,000 | $61,000 | 14.8% |
| Yates City | 4 | 7 | -42.9% | $70,000 | $20,000 | 250% |
| Altona | 5 | 8 | -37.5% | $61,000 | $50,500 | 20.8% |
| Wataga | 8 | 7 | 14.3% | $56,750 | $80,000 | -29.1% |
| Williamsfield | 9 | 8 | 12.5% | $56,500 | $44,000 | 28.4% |
| Knoxville | 18 | 42 | -57.1% | $54,000 | $75,000 | -28% |
| Abingdon | 26 | 36 | -27.8% | $53,500 | $46,750 | 14.4% |
| Gilson | 1 | 0 | - | $51,000 | $0 | - |
| East Galesburg | 5 | 7 | -28.6% | $48,000 | $91,500 | -47.5% |
| Rio | 3 | 5 | -40% | $35,000 | $42,500 | -17.6% |
| Oneida | 7 | 4 | 75% | $34,000 | $90,000 | -62.2% |
Alerts Sign-up