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Galesburg Reporter

Tuesday, November 26, 2024

January 2022: Home prices in Galesburg fell

Realestate2

The median sale price of a home sold in January 2022 in Galesburg fell by $17,000 while total sales decreased by 85%, according to BlockShopper.com.

In January 2022, there were three homes sold, with a median sale price of $28,000 - a 37.8% decrease over the $45,000 median sale price for the same period of the previous year. There were 20 homes sold in Galesburg in January 2021.

The median sales tax in Galesburg for the most recent year with available data, 2019, was $1,398, approximately 5% of the median home sale price for January 2022.

The following table compares Galesburg to other Knox County cities in January 2022:

CityJan. 2022 Home SalesJan. 2021 Home Sales% change (Total Home Sales)Jan. 2022 Median Sales PriceJan. 2021 Median Sales Price% change (Median Sales Price)
Abingdon15-80%$34,000$60,000-43.3%
Galesburg320-85%$28,000$45,000-37.8%
Altona01-100%$0$100,000-100%
Henderson02-100%$0$122,500-100%
Williamsfield00-$0$0-
Dahinda01-100%$0$148,000-100%
Rio02-100%$0$174,000-100%
Oak Run04-100%$0$419,500-100%
Gilson01-100%$0$16,000-100%
Oneida00-$0$0-
Yates City01-100%$0$25,000-100%
Wataga00-$0$0-
Maquon00-$0$0-
Knoxville01-100%$0$181,000-100%
East Galesburg01-100%$0$33,000-100%

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