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Galesburg Reporter

Wednesday, December 25, 2024

Wataga home prices fall in 2017

Re 1

The median sale price of a home sold in 2017 in Wataga fell by $39,000 while total sales increased by 7.7%, according to BlockShopper.com.

From January through December of 2017, there were 14 homes sold, with a median sale price of $35,000 - a 52.7% decrease over the $74,000 median sale price for the previous year. There were 13 homes sold in Wataga in 2016.

The median sales tax in Wataga for 2017 was $1,433. In 2016, the median sales tax was $1,513. This marks an decrease of 5.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.1%.

The following table compares Wataga to other Knox County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Yates City1617-5.9%$70,500$46,00053.3%
Galesburg497542-8.3%$67,500$60,00012.5%
Knoxville3763-41.3%$65,500$75,000-12.7%
Rio812-33.3%$62,500$41,25051.5%
East Galesburg911-18.2%$60,000$91,500-34.4%
Henderson440%$57,500$103,500-44.4%
Maquon710-30%$55,000$45,25021.5%
Abingdon5461-11.5%$48,750$38,00028.3%
Altona812-33.3%$48,500$68,250-28.9%
Gilson6520%$43,250$77,500-44.2%
Wataga14137.7%$35,000$74,000-52.7%

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