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Galesburg Reporter

Friday, November 22, 2024

Galesburg home prices fall in July 2018

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The median sale price of a home sold in July 2018 in Galesburg fell by $13,750 while total sales decreased by 4%, according to BlockShopper.com.

In July 2018, there were 48 homes sold, with a median sale price of $66,250 - a 17.2% decrease over the $80,000 median sale price for the same period of the previous year. There were 50 homes sold in Galesburg in July 2017.

The median sales tax in Galesburg for the most recent year with available data, 2017, was $1,331, approximately 2% of the median home sale price for July 2018.

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

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
Oak Run4333.3%$195,000$277,000-29.6%
Dahinda220%$128,750$198,750-35.2%
Williamsfield12-50%$87,500$76,00015.1%
Wataga23-33.3%$80,000$45,00077.8%
Maquon10-$80,000$0-
Knoxville73133.3%$72,000$78,500-8.3%
Galesburg4850-4%$66,250$80,000-17.2%
East Galesburg110%$51,000$6,000750%
Abingdon56-16.7%$50,000$38,00031.6%
Altona00-$0$0-
Henderson01-100%$0$172,500-100%
Rio02-100%$0$120,500-100%
Gilson01-100%$0$51,000-100%
Oneida02-100%$0$79,000-100%
Yates City00-$0$0-

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