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Galesburg Reporter

Thursday, April 25, 2024

East Galesburg home prices rise in the fourth quarter of 2019

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The median sale price of a home sold in the fourth quarter of 2019 in East Galesburg rose by $34,250 while total sales decreased by 60%, according to BlockShopper.com.

From October through December of 2019, there were two homes sold, with a median sale price of $69,250 - a 97.9% increase over the $35,000 median sale price for the same period of the previous year. There were five homes sold in East Galesburg in the fourth quarter of 2018.

The median sales tax in East Galesburg for the most recent year with available data, 2018, was $1,241, approximately 1.8% of the median home sale price for the fourth quarter of 2019.

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

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Oak Run79-22.2%$275,000$251,5009.3%
Dahinda20-$207,000$0-
Williamsfield42100%$96,750$71,50035.3%
Galesburg54133-59.4%$77,500$59,00031.4%
Oneida35-40%$72,000$96,000-25%
East Galesburg25-60%$69,250$35,00097.9%
Knoxville14955.6%$68,750$106,000-35.1%
Yates City220%$58,750$76,500-23.2%
Altona26-66.7%$55,500$53,9502.9%
Abingdon151315.4%$55,000$30,00083.3%
Wataga34-25%$46,000$76,000-39.5%

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