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Galesburg Reporter

Monday, November 25, 2024

East Galesburg home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in East Galesburg rose by $5,000 while total sales increased by 60%, according to BlockShopper.com.

From July through December of 2018, there were eight homes sold, with a median sale price of $53,000 - a 10.4% increase over the $48,000 median sale price for the same period of the previous year. There were five homes sold in East Galesburg in the second half of 2017.

The median sales tax in East Galesburg for the most recent year with available data, 2017, was $1,230, approximately 2.3% of the median home sale price for the second half of 2018.

The following table compares East Galesburg to other Knox County cities with similar median sales prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Knoxville251838.9%$89,900$54,00066.5%
Oneida10742.9%$88,750$34,000161%
Williamsfield59-44.4%$87,500$56,50054.9%
Yates City34-25%$83,737$70,00019.6%
Henderson220%$80,250$114,750-30.1%
Wataga78-12.5%$75,000$56,75032.2%
Galesburg2782683.7%$66,000$70,000-5.7%
Altona9580%$59,900$61,000-1.8%
East Galesburg8560%$53,000$48,00010.4%
Abingdon26260%$42,500$53,500-20.6%
Maquon330%$30,000$75,000-60%

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