Galesburg Reporter

Galesburg Reporter

Monday, February 24, 2020

Galesburg home prices rise in May 2019

Real Estate

By Local Labs News Service | Jun 7, 2019

Re 8

The median sale price of a home sold in May 2019 in Galesburg rose by $117,500 while total sales decreased by 86.8%, according to BlockShopper.com.

In May 2019, there were five homes sold, with a median sale price of $165,000 - a 247.4% increase over the $47,500 median sale price for the same period of the previous year. There were 38 homes sold in Galesburg in May 2018.

The median sales tax in Galesburg for the most recent year with available data, 2017, was $1,331, approximately 0.8% of the median home sale price for May 2019.

The following table compares Galesburg to other Knox County cities with similar median sales prices in May 2019:

City
May 2019 Home Sales
May 2018 Home Sales
% change (Total Home Sales)
May 2019 Median Sales Price
May 2018 Median Sales Price
% change (Median Sales Price)
Oak Run
1
4
-75%
$289,500
$180,000
60.8%
Gilson
1
0
-
$190,000
$0
-
Galesburg
5
38
-86.8%
$165,000
$47,500
247.4%
Oneida
2
0
-
$128,750
$0
-
Maquon
1
0
-
$83,500
$0
-
Altona
1
0
-
$79,500
$0
-
Knoxville
3
7
-57.1%
$73,000
$114,000
-36%
Abingdon
6
4
50%
$63,500
$18,750
238.7%
Wataga
2
1
100%
$57,271.50
$16,500
247.1%
Yates City
4
1
300%
$51,250
$187,000
-72.6%
Rio
1
1
0%
$42,000
$42,000
0%

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