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Galesburg Reporter

Sunday, May 19, 2024

Knoxville home prices fall in June 2017

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The median sale price of a home sold in June 2017 in Knoxville fell by $8,500 while total sales decreased by 71.4%, according to BlockShopper.com.

In June 2017, there were two homes sold, with a median sale price of $61,500 - a 12.1% decrease over the $70,000 median sale price for the same period of the previous year. There were seven homes sold in Knoxville in June 2016.

The median sales tax in Knoxville for 2017 was $1,706. In 2016, the median sales tax was $1,799. This marks an decrease of 5.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Knoxville to other Knox County cities in June 2017:

CityJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Oak Run25-60%$313,500$269,00016.5%
Williamsfield10-$130,000$0-
Oneida21100%$89,750$134,000-33%
Galesburg5466-18.2%$66,000$62,5005.6%
Knoxville27-71.4%$61,500$70,000-12.1%
Rio10-$55,000$0-
Maquon110%$55,000$30,00083.3%
Yates City42100%$50,500$54,500-7.3%
Abingdon10666.7%$47,750$43,7509.1%
Wataga31200%$34,000$168,500-79.8%
Altona110%$10,000$140,000-92.9%
Henderson01-100%$0$55,000-100%
Dahinda00-$0$0-
Gilson01-100%$0$83,500-100%
East Galesburg02-100%$0$182,500-100%

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