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Galesburg Reporter

Monday, November 25, 2024

Oak Run home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Oak Run rose by $69,250 while total sales increased by 40%, according to BlockShopper.com.

From July through December of 2018, there were 28 homes sold, with a median sale price of $264,750 - a 35.4% increase over the $195,500 median sale price for the same period of the previous year. There were 20 homes sold in Oak Run in the second half of 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 the second half of 2018.

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

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Rio13-66.7%$295,000$35,000742.9%
Oak Run282040%$264,750$195,50035.4%
Gilson41300%$156,250$51,000206.4%
Dahinda24-50%$128,750$184,500-30.2%
Knoxville251838.9%$89,900$54,00066.5%
Oneida10742.9%$88,750$34,000161%
Williamsfield59-44.4%$87,500$56,50054.9%
Yates City34-25%$83,737$70,00019.6%
Henderson220%$80,250$114,750-30.1%
Wataga78-12.5%$75,000$56,75032.2%
Galesburg2782683.7%$66,000$70,000-5.7%

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