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Galesburg Reporter

Thursday, November 21, 2024

Oak Run home prices rise in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Oak Run rose by $118,000 while total sales increased by 83.3%, according to BlockShopper.com.

From April through June of 2018, there were 11 homes sold, with a median sale price of $340,000 - a 53.2% increase over the $222,000 median sale price for the same period of the previous year. There were six homes sold in Oak Run in the second quarter of 2017.

The median sales tax in Oak Run for the most recent year with available data, 2017, was $6,408, approximately 1.9% of the median home sale price for the second quarter of 2018.

The following table compares Oak Run to other Knox County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Oak Run11683.3%$340,000$222,00053.2%
Gilson21100%$211,250$3,0006941.7%
Dahinda220%$205,000$99,000107.1%
Yates City36-50%$120,000$59,750100.8%
Knoxville131118.2%$114,000$64,00078.1%
Rio23-33.3%$108,000$145,000-25.5%
Oneida16-83.3%$100,000$85,50017%
Altona21100%$92,500$10,000825%
Wataga35-40%$78,500$30,000161.7%
East Galesburg30-$74,000$0-
Galesburg15413514.1%$65,000$65,500-0.8%

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