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Galesburg Reporter

Thursday, November 21, 2024

Galesburg home prices fall in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Galesburg fell by $1,500 while total sales increased by 15.7%, according to BlockShopper.com.

From January through June of 2018, there were 265 homes sold, with a median sale price of $64,000 - a 2.3% decrease over the $65,500 median sale price for the same period of the previous year. There were 229 homes sold in Galesburg in the first half of 2017.

The median sales tax in Galesburg for the most recent year with available data, 2017, was $1,331, approximately 2.1% of the median home sale price for the first half of 2018.

The following table compares Galesburg to other Knox County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Yates City312-75%$120,000$70,50070.2%
Rio25-60%$108,000$70,00054.3%
Oneida312-75%$100,000$89,50011.7%
Knoxville211910.5%$100,000$83,00020.5%
Altona23-33.3%$92,500$10,000825%
East Galesburg5425%$74,000$232,500-68.2%
Wataga46-33.3%$69,250$27,750149.5%
Galesburg26522915.7%$64,000$65,500-2.3%
Abingdon30287.1%$40,400$45,000-10.2%
Williamsfield811-27.3%$36,000$110,000-67.3%
Henderson12-50%$35,000$35,0000%

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