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Galesburg Reporter

Thursday, November 7, 2024

Falling home prices in Wataga in the second quarter of 2021

Re 9

The median sale price of a home sold in the second quarter of 2021 in Wataga fell by $14,500 while total sales decreased by 42.9%, according to BlockShopper.com.

From April through June of 2021, there were four homes sold, with a median sale price of $77,500 - a 15.8% decrease over the $92,000 median sale price for the same period of the previous year. There were seven homes sold in Wataga in the second quarter of 2020.

The median sales tax in Wataga for the most recent year with available data, 2019, was $1,387, approximately 1.8% of the median home sale price for the second quarter of 2021.

The following table compares Wataga to other Knox County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Oak Run1011-9.1%$181,000$215,000-15.8%
Knoxville711-36.4%$137,500$90,00052.8%
Williamsfield110%$120,000$82,00046.3%
Gilson51400%$93,000$14,500541.4%
Galesburg50136-63.2%$81,250$73,00011.3%
Abingdon880%$79,000$61,00029.5%
Wataga47-42.9%$77,500$92,000-15.8%
Altona26-66.7%$57,750$53,5007.9%
Yates City220%$52,500$111,000-52.7%
Oneida34-25%$50,000$79,000-36.7%
Maquon14-75%$30,000$25,50017.6%

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