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Galesburg Reporter

Wednesday, April 24, 2024

Galesburg home prices rise 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 Galesburg rose by $10,000 while total sales decreased by 51.3%, according to BlockShopper.com.

From April through June of 2019, there were 75 homes sold, with a median sale price of $75,000 - a 15.4% increase over the $65,000 median sale price for the same period of the previous year. There were 154 homes sold in Galesburg in the second quarter of 2018.

The median sales tax in Galesburg for the most recent year with available data, 2017, was $1,331, approximately 1.8% of the median home sale price for the second quarter of 2019.

The following table compares Galesburg 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)
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%
Rio12-50%$42,000$108,000-61.1%

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