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Galesburg Reporter

Monday, November 25, 2024

Abingdon home prices fall 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 Abingdon fell by $11,000 while total sales remained unchanged with 26 homes sold, according to BlockShopper.com.

From July through December of 2018, there were 26 homes sold, with a median sale price of $42,500 - a 20.6% decrease over the $53,500 median sale price for the same period of the previous year. There were 26 homes sold in Abingdon in the second half of 2017, as well.

The median sales tax in Abingdon for the most recent year with available data, 2017, was $1,157, approximately 2.7% of the median home sale price for the second half of 2018.

The following table compares Abingdon 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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