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Galesburg Reporter

Saturday, November 23, 2024

Knox County home prices fell in the second half of 2022

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The median sale price of a home sold in the second half of 2022 in Knox County fell by $100 while total sales decreased by 40%.

From July through December of 2022, there were 313 homes sold, with a median sale price of $79,900 - a 0.1% decrease from the $80,000 median sale price for the same period of the previous year. There were 522 homes sold in Knox County in the second half of 2021.

The median sales tax in Knox County for the most recent year with available data, 2021, was $1,474 approximately 1.8% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Knox County from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$80000$80000$80000$80000$79900$79900

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