Abingdon home prices fall in the first half of 2020

Medium re 7

The median sale price of a home sold in the first half of 2020 in Abingdon fell by $26,500 while total sales decreased by 22.2%, according to BlockShopper.com.

From January through June of 2020, there were 21 homes sold, with a median sale price of $28,500 - a 48.2% decrease over the $55,000 median sale price for the same period of the previous year. There were 27 homes sold in Abingdon in the first half of 2019.

The median sales tax in Abingdon for the most recent year with available data, 2018, was $1,162, approximately 4.1% of the median home sale price for the first half of 2020.

The following table compares Abingdon to other Knox County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Williamsfield36-50%$73,000$91,000-19.8%
Rio23-33.3%$66,500$42,00058.3%
Galesburg141232-39.2%$63,000$71,725-12.2%
Maquon42100%$58,000$69,250-16.2%
Dahinda10-$58,000$0-
Yates City28-75%$56,000$42,50031.8%
Wataga57-28.6%$52,000$74,043-29.8%
Altona6450%$42,500$74,750-43.1%
Abingdon2127-22.2%$28,500$55,000-48.2%
Gilson12-50%$14,500$120,000-87.9%
East Galesburg14-75%$4,000$82,500-95.2%

Blockshopper green logo