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Galesburg Reporter

Monday, November 25, 2024

Galesburg home prices fall in 2018

Realestate5

The median sale price of a home sold in 2018 in Galesburg fell by $2,500 while total sales increased by 9.3%, according to BlockShopper.com.

From January through December of 2018, there were 543 homes sold, with a median sale price of $65,000 - a 3.7% decrease over the $67,500 median sale price for the previous year. There were 497 homes sold in Galesburg in 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 2018.

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

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Yates City616-62.5%$100,868.50$70,50043.1%
Knoxville463724.3%$91,000$65,50038.9%
Oneida1319-31.6%$90,000$75,00020%
Wataga1114-21.4%$75,000$35,000114.3%
Henderson34-25%$73,000$57,50027%
Galesburg5434979.3%$65,000$67,500-3.7%
Altona11837.5%$62,000$48,50027.8%
East Galesburg13944.4%$57,000$60,000-5%
Williamsfield1320-35%$50,000$84,500-40.8%
Abingdon56543.7%$40,650$48,750-16.6%
Maquon37-57.1%$30,000$55,000-45.5%

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