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Galesburg Reporter

Tuesday, April 23, 2024

Knoxville home prices fall in May 2019

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The median sale price of a home sold in May 2019 in Knoxville fell by $41,000 while total sales decreased by 57.1%, according to BlockShopper.com.

In May 2019, there were three homes sold, with a median sale price of $73,000 - a 36% decrease over the $114,000 median sale price for the same period of the previous year. There were seven homes sold in Knoxville in May 2018.

The median sales tax in Knoxville for the most recent year with available data, 2017, was $1,706, approximately 2.3% of the median home sale price for May 2019.

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

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Gilson10-$190,000$0-
Galesburg538-86.8%$165,000$47,500247.4%
Oneida20-$128,750$0-
Maquon10-$83,500$0-
Altona10-$79,500$0-
Knoxville37-57.1%$73,000$114,000-36%
Abingdon6450%$63,500$18,750238.7%
Wataga21100%$57,271.50$16,500247.1%
Yates City41300%$51,250$187,000-72.6%
Rio110%$42,000$42,0000%
Henderson10-$18,500$0-

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