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Galesburg Reporter

Monday, August 4, 2025

Oak Run home prices fall in May 2017

Realestate077

The median sale price of a home sold in May 2017 in Oak Run fell by $117,000 while total sales decreased by 50%, according to BlockShopper.com.

In May 2017, there were two homes sold, with a median sale price of $183,000 - a 39% decrease over the $300,000 median sale price for the same period of the previous year. There were four homes sold in Oak Run in May 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 3.5%.

The following table compares Oak Run to other Knox County cities in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Oak Run24-50%$183,000$300,000-39%
Rio220%$165,000$235,000-29.8%
Williamsfield40-$90,000$0-
Oneida330%$89,000$78,00014.1%
Knoxville6450%$79,500$107,250-25.9%
Galesburg5153-3.8%$60,000$55,0009.1%
Maquon12-50%$48,500$95,000-48.9%
Abingdon26-66.7%$29,750$32,000-7%
Wataga20-$17,250$0-
Dahinda110%$8,000$9,000-11.1%
Altona00-$0$0-
Henderson00-$0$0-
Gilson03-100%$0$60,000-100%
Yates City03-100%$0$52,000-100%
East Galesburg01-100%$0$126,000-100%

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