Galesburg, Illinois, is a charming small city in Knox County, known for its rich history and vibrant community. Founded in 1837 by George Washington Gale, it became a significant railroad hub in the 19th century, which is still evident in the Galesburg Railroad Museum and the annual Railroad Days festival. The city is the birthplace of poet Carl Sandburg, whose legacy is celebrated at the Carl Sandburg State Historic Site. With a population of around 30,000, Galesburg offers a blend of cultural attractions, including Knox College, a historic liberal arts institution, and a lively downtown with antique shops, local eateries, and community events. It
Galesburg currently has 10 single family homes for sale with an average list price of $116,780. The average annual property tax for Galesburg is $2,244.69.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Galesburg, i.e. what's hot and what's not.
See What's Hot & What's Not in GalesburgGalesburg home sales for the month of April rose in volume by 300% when compared to last year, while the median sale price rose by 624% from $26,244 to $190,000. House sales rose by 200%, while the median sale price rose by 604.9% from $26,244 to $185,000. Condo sales decreased, while the median sale price decreased.
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9
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21
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27
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22
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| 2022 | 2023 | 2024 | 2025 |
| # of sales per year | |||
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$57,000
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$38,000
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$64,000
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$44,435.50
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| 2022 | 2023 | 2024 | 2025 |
| median sale price per year | |||