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Galesburg Reporter

Thursday, November 7, 2024

The first half of 2021: Yates City experienced a 30.2% drop in median home prices

Re 3

The median sale price of a home sold in the first half of 2021 in Yates City fell by $32,500 while total sales increased by 66.7%, according to BlockShopper.com.

From January through June of 2021, there were five homes sold, with a median sale price of $75,000 - a 30.2% decrease over the $107,500 median sale price for the same period of the previous year. There were three homes sold in Yates City in the first half of 2020.

The median sales tax in Yates City for the most recent year with available data, 2019, was $2,056, approximately 2.7% of the median home sale price for the first half of 2021.

The following table compares Yates City to other Knox County cities with similar median sale prices in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Knoxville1225-52%$143,750$86,00067.2%
Henderson23-33.3%$122,500$138,000-11.2%
Gilson91800%$90,000$14,500520.7%
Williamsfield23-33.3%$87,750$73,00020.2%
Wataga710-30%$80,000$68,00017.6%
Yates City5366.7%$75,000$107,500-30.2%
Oneida410-60%$72,500$109,000-33.5%
Abingdon2026-23.1%$65,000$30,250114.9%
Altona78-12.5%$64,000$52,50021.9%
Maquon27-71.4%$61,000$27,000125.9%
Galesburg133230-42.2%$60,000$65,750-8.7%

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