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Galesburg Reporter

Wednesday, November 6, 2024

Q3 real estate sales report: Oak Run

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Median prices rose in Oak Run over last year, and are down 36 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 19 homes sold in Oak Run for a median price of $284,500. That's 34.7 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 1 home in Oak Run was in foreclosure.

Median property tax for homeowners in Oak Run was $6,537.36 in 2017 according to tax data from that year. That means homeowners pay 3.1 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Oak Run real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
7
$444,600
-
2010
10
$348,840
-21.5%
2011
11
$200,010
-42.7%
2012
6
$265,688
32.8%
2013
16
$210,600
-20.7%
2014
14
$164,830
-21.7%
2015
17
$355,100
115.4%
2016
14
$270,375
-23.9%
2017
13
$211,140
-21.9%
2018
19
$284,500
34.7%

Median property tax
Median sale price
Effective property tax rate
2009
$7,174.76
$444,600
1.6%
2010
$7,726.88
$348,840
2.2%
2011
$5,014.64
$200,010
2.5%
2012
$4,529.66
$265,688
1.7%
2013
$4,056.49
$210,600
1.9%
2014
$3,851.27
$164,830
2.3%
2015
$5,568.24
$355,100
1.6%
2016
$5,058.15
$270,375
1.9%
2017
$6,537.36
$211,140
3.1%

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