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Galesburg Reporter

Wednesday, December 25, 2024

Oak Run home prices fall in 2017

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The median sale price of a home sold in 2017 in Oak Run fell by $25,000 while total sales decreased by 11.4%, according to BlockShopper.com.

From January through December of 2017, there were 31 homes sold, with a median sale price of $205,000 - a 10.9% decrease over the $230,000 median sale price for the previous year. There were 35 homes sold in Oak Run in 2016.

The median sales tax in Oak Run for 2017 was $6,408. In 2016, the median sales tax was $6,345. This marks an increase of 1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.

The following table compares Oak Run to other Knox County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Oak Run3135-11.4%$205,000$230,000-10.9%
Dahinda83166.7%$183,750$13,0001313.5%
Williamsfield2010100%$84,500$44,00092%
Oneida191258.3%$75,000$79,000-5.1%
Yates City1617-5.9%$70,500$46,00053.3%
Galesburg497542-8.3%$67,500$60,00012.5%
Knoxville3763-41.3%$65,500$75,000-12.7%
Rio812-33.3%$62,500$41,25051.5%
East Galesburg911-18.2%$60,000$91,500-34.4%
Henderson440%$57,500$103,500-44.4%
Maquon710-30%$55,000$45,25021.5%

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