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Galesburg Reporter

Friday, November 22, 2024

Galesburg home prices rise in August 2018

Realestate077

The median sale price of a home sold in August 2018 in Galesburg rose by $7,150 while total sales increased by 6%, according to BlockShopper.com.

In August 2018, there were 53 homes sold, with a median sale price of $86,900 - a 9% increase over the $79,750 median sale price for the same period of the previous year. There were 50 homes sold in Galesburg in August 2017.

The median sales tax in Galesburg for the most recent year with available data, 2017, was $1,331, approximately 1.5% of the median home sale price for August 2018.

The following table compares Galesburg to other Knox County cities with similar median sales prices in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
East Galesburg110%$504,000$48,000950%
Oak Run8714.3%$392,500$177,500121.1%
Gilson30-$170,000$0-
Knoxville15-80%$90,000$69,00030.4%
Henderson10-$87,500$0-
Galesburg53506%$86,900$79,7509%
Yates City10-$83,737$0-
Abingdon14-75%$77,000$73,2505.1%
Oneida20-$47,425$0-
Williamsfield10-$37,500$0-
Wataga10-$25,000$0-

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