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Galesburg Reporter

Wednesday, November 6, 2024

Galesburg home prices fall in April 2018

Re 6

The median sale price of a home sold in April 2018 in Galesburg fell by $14,750 while total sales increased by 73.3%, according to BlockShopper.com.

In April 2018, there were 52 homes sold, with a median sale price of $56,250 - a 20.8% decrease over the $71,000 median sale price for the same period of the previous year. There were 30 homes sold in Galesburg in April 2017.

The median sales tax in Galesburg for the most recent year with available data, 2017, was $1,331, approximately 2.4% of the median home sale price for April 2018.

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

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Oak Run52150%$450,000$233,50092.7%
Dahinda110%$245,000$190,00028.9%
Williamsfield42100%$124,500$98,25026.7%
Yates City12-50%$120,000$62,75091.2%
Knoxville23-33.3%$69,750$65,5006.5%
Abingdon45-20%$66,900$55,00021.6%
Galesburg523073.3%$56,250$71,000-20.8%
Henderson10-$35,000$0-
Altona00-$0$0-
Rio00-$0$0-
Gilson01-100%$0$3,000-100%
Oneida01-100%$0$16,000-100%
Wataga00-$0$0-
Maquon01-100%$0$140,000-100%
East Galesburg00-$0$0-

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