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Galesburg Reporter

Friday, April 19, 2024

East Galesburg home prices rise in the first half of 2019

Realestate1

The median sale price of a home sold in the first half of 2019 in East Galesburg rose by $8,500 while total sales decreased by 20%, according to BlockShopper.com.

From January through June of 2019, there were four homes sold, with a median sale price of $82,500 - a 11.5% increase over the $74,000 median sale price for the same period of the previous year. There were five homes sold in East Galesburg in the first half of 2018.

The median sales tax in East Galesburg for the most recent year with available data, 2017, was $1,230, approximately 1.5% of the median home sale price for the first half of 2019.

The following table compares East Galesburg to other Knox County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Oak Run1418-22.2%$213,750$260,000-17.8%
Gilson220%$120,000$211,250-43.2%
Oneida330%$117,000$100,00017%
Williamsfield68-25%$91,000$36,000152.8%
East Galesburg45-20%$82,500$74,00011.5%
Knoxville21210%$80,000$100,000-20%
Altona42100%$74,750$92,500-19.2%
Wataga7475%$74,043$69,2506.9%
Galesburg160265-39.6%$74,000$64,00015.6%
Maquon20-$69,250$0-
Abingdon2630-13.3%$54,687.50$40,40035.4%

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