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Galesburg Reporter

Thursday, April 18, 2024

Q4 real estate sales report: Oak Run

Realestate5

Median prices rose in Oak Run over last year, and are up 79.1 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 9 homes sold in Oak Run for a median price of $251,500. That's 51.7 percent higher than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Oak Run was $3,668.88 in 2017 according to tax data from that year. That means homeowners pay 2.2 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
15
$140,400
-
2010
10
$251,370
79%
2011
6
$165,545
-34.1%
2012
8
$199,198
20.3%
2013
11
$194,400
-2.4%
2014
10
$258,110
32.8%
2015
12
$320,650
24.2%
2016
8
$150,675
-53%
2017
7
$165,750
10%
2018
9
$251,500
51.7%

Median property tax
Median sale price
Effective property tax rate
2009
$2,901.76
$140,400
2.1%
2010
$5,543.61
$251,370
2.2%
2011
$4,368.73
$165,545
2.6%
2012
$3,541.88
$199,198
1.8%
2013
$3,962.97
$194,400
2%
2014
$3,713.95
$258,110
1.4%
2015
$6,081.90
$320,650
1.9%
2016
$4,809.90
$150,675
3.2%
2017
$3,668.87
$165,750
2.2%

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