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Galesburg Reporter

Sunday, November 24, 2024

Knoxville home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Knoxville fell by $34,000 while total sales increased by 23.1%, according to BlockShopper.com.

From April through June of 2019, there were 16 homes sold, with a median sale price of $80,000 - a 29.8% decrease over the $114,000 median sale price for the same period of the previous year. There were 13 homes sold in Knoxville in the second quarter of 2018.

The median sales tax in Knoxville for the most recent year with available data, 2017, was $1,706, approximately 2.1% of the median home sale price for the second quarter of 2019.

The following table compares Knoxville to other Knox County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Gilson12-50%$190,000$211,250-10.1%
Oak Run611-45.5%$143,000$340,000-57.9%
Oneida21100%$128,750$100,00028.8%
Williamsfield36-50%$112,000$60,00086.7%
East Galesburg23-33.3%$83,000$74,00012.2%
Knoxville161323.1%$80,000$114,000-29.8%
Galesburg75154-51.3%$75,000$65,00015.4%
Altona220%$74,750$92,500-19.2%
Maquon20-$69,250$0-
Abingdon16156.7%$59,000$46,40027.2%
Wataga4333.3%$57,271.50$78,500-27%

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