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Galesburg Reporter

Monday, November 25, 2024

Oak Run home prices rise in the fourth quarter of 2018

Realestate077

The median sale price of a home sold in the fourth quarter of 2018 in Oak Run rose by $89,000 while total sales increased by 28.6%, according to BlockShopper.com.

From October through December of 2018, there were nine homes sold, with a median sale price of $251,500 - a 54.8% increase over the $162,500 median sale price for the same period of the previous year. There were seven homes sold in Oak Run in the fourth quarter of 2017.

The median sales tax in Oak Run for the most recent year with available data, 2017, was $6,408, approximately 2.5% of the median home sale price for the fourth quarter of 2018.

The following table compares Oak Run to other Knox County cities in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Oak Run9728.6%$251,500$162,50054.8%
Knoxville9580%$106,000$36,000194.4%
Oneida550%$96,000$33,000190.9%
Yates City24-50%$76,500$70,0009.3%
Wataga42100%$76,000$51,75046.9%
Henderson110%$73,000$57,00028.1%
Williamsfield24-50%$71,500$33,250115%
Galesburg13311416.7%$59,000$59,750-1.3%
Altona63100%$53,950$36,00049.9%
East Galesburg51400%$35,000$32,0009.4%
Abingdon13130%$30,000$52,000-42.3%
Dahinda01-100%$0$83,000-100%
Rio01-100%$0$35,000-100%
Gilson00-$0$0-
Maquon02-100%$0$53,750-100%

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