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Galesburg Reporter

Monday, November 25, 2024

Yates City home prices rise in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Yates City rose by $6,500 while total sales decreased by 50%, according to BlockShopper.com.

From October through December of 2018, there were two homes sold, with a median sale price of $76,500 - a 9.3% increase over the $70,000 median sale price for the same period of the previous year. There were four homes sold in Yates City in the fourth quarter of 2017.

The median sales tax in Yates City for the most recent year with available data, 2017, was $1,970, approximately 2.6% of the median home sale price for the fourth quarter of 2018.

The following table compares Yates City to other Knox County cities in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Oak Run9728.6%$251,500$162,50054.8%
Knoxville9580%$106,000$36,000194.4%
Oneida550%$96,000$33,000190.9%
Yates City24-50%$76,500$70,0009.3%
Wataga42100%$76,000$51,75046.9%
Henderson110%$73,000$57,00028.1%
Williamsfield24-50%$71,500$33,250115%
Galesburg13311416.7%$59,000$59,750-1.3%
Altona63100%$53,950$36,00049.9%
East Galesburg51400%$35,000$32,0009.4%
Abingdon13130%$30,000$52,000-42.3%
Dahinda01-100%$0$83,000-100%
Rio01-100%$0$35,000-100%
Gilson00-$0$0-
Maquon02-100%$0$53,750-100%

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