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Galesburg Reporter

Monday, November 25, 2024

Oak Run home prices rise in 2018

Realestate2

The median sale price of a home sold in 2018 in Oak Run rose by $59,750 while total sales increased by 48.4%, according to BlockShopper.com.

From January through December of 2018, there were 46 homes sold, with a median sale price of $264,750 - a 29.1% increase over the $205,000 median sale price for the previous year. There were 31 homes sold in Oak Run in 2017.

The median sales tax in Oak Run for the most recent year with available data, 2017, was $6,408, approximately 2.4% of the median home sale price for 2018.

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

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Oak Run463148.4%$264,750$205,00029.1%
Gilson660%$182,750$43,250322.5%
Rio38-62.5%$174,000$62,500178.4%
Dahinda48-50%$173,750$183,750-5.4%
Yates City616-62.5%$100,868.50$70,50043.1%
Knoxville463724.3%$91,000$65,50038.9%
Oneida1319-31.6%$90,000$75,00020%
Wataga1114-21.4%$75,000$35,000114.3%
Henderson34-25%$73,000$57,50027%
Galesburg5434979.3%$65,000$67,500-3.7%
Altona11837.5%$62,000$48,50027.8%

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