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Galesburg Reporter

Sunday, November 24, 2024

Galesburg home prices rise in the first half of 2019

Realestate3

The median sale price of a home sold in the first half of 2019 in Galesburg rose by $10,000 while total sales decreased by 39.6%, according to BlockShopper.com.

From January through June of 2019, there were 160 homes sold, with a median sale price of $74,000 - a 15.6% increase over the $64,000 median sale price for the same period of the previous year. There were 265 homes sold in Galesburg in the first half 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 first half of 2019.

The following table compares 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)
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%
Yates City83166.7%$42,500$120,000-64.6%
Rio3250%$42,000$108,000-61.1%
Henderson21100%$28,250$35,000-19.3%

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