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Galesburg Reporter

Tuesday, November 5, 2024

Galesburg home prices fall in May 2018

Re 10

The median sale price of a home sold in May 2018 in Galesburg fell by $12,500 while total sales decreased by 25.5%, according to BlockShopper.com.

In May 2018, there were 38 homes sold, with a median sale price of $47,500 - a 20.8% decrease over the $60,000 median sale price for the same period of the previous year. There were 51 homes sold in Galesburg in May 2017.

The median sales tax in Galesburg for the most recent year with available data, 2017, was $1,331, approximately 2.8% of the median home sale price for May 2018.

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

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Yates City10-$187,000$0-
Oak Run42100%$180,000$183,000-1.6%
Dahinda110%$165,000$8,0001962.5%
East Galesburg20-$116,500$0-
Knoxville7616.7%$114,000$79,50043.4%
Galesburg3851-25.5%$47,500$60,000-20.8%
Rio12-50%$42,000$165,000-74.5%
Abingdon42100%$18,750$29,750-37%
Wataga12-50%$16,500$17,250-4.3%
Williamsfield14-75%$4,200$90,000-95.3%
Altona00-$0$0-
Henderson00-$0$0-
Gilson00-$0$0-
Oneida03-100%$0$89,000-100%
Maquon01-100%$0$48,500-100%

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