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Galesburg Reporter

Tuesday, November 5, 2024

Galesburg home prices fall in February 2018

Re 11

The median sale price of a home sold in February 2018 in Galesburg fell by $11,000 while total sales increased by 15.2%, according to BlockShopper.com.

In February 2018, there were 38 homes sold, with a median sale price of $64,000 - a 14.7% decrease over the $75,000 median sale price for the same period of the previous year. There were 33 homes sold in Galesburg in February 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 February 2018.

The following table compares Galesburg to other Knox County cities in February 2018:

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Oak Run220%$146,000$192,500-24.2%
Oneida13-66.7%$145,000$90,00061.1%
East Galesburg220%$89,500$220,000-59.3%
Knoxville35-40%$77,000$85,000-9.4%
Galesburg383315.2%$64,000$75,000-14.7%
Abingdon41300%$19,000$28,500-33.3%
Altona00-$0$0-
Henderson00-$0$0-
Williamsfield00-$0$0-
Dahinda01-100%$0$110,000-100%
Rio01-100%$0$25,000-100%
Gilson01-100%$0$160,000-100%
Yates City02-100%$0$89,000-100%
Wataga00-$0$0-
Maquon01-100%$0$30,000-100%

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