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Galesburg Reporter

Sunday, November 24, 2024

Oak Run home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Oak Run fell by $46,250 while total sales decreased by 22.2%, according to BlockShopper.com.

From January through June of 2019, there were 14 homes sold, with a median sale price of $213,750 - a 17.8% decrease over the $260,000 median sale price for the same period of the previous year. There were 18 homes sold in Oak Run in the first half of 2018.

The median sales tax in Oak Run for the most recent year with available data, 2017, was $6,408, approximately 3% of the median home sale price for the first half of 2019.

The following table compares Oak Run to other Knox County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Oak Run1418-22.2%$213,750$260,000-17.8%
Gilson220%$120,000$211,250-43.2%
Oneida330%$117,000$100,00017%
Williamsfield68-25%$91,000$36,000152.8%
East Galesburg45-20%$82,500$74,00011.5%
Knoxville21210%$80,000$100,000-20%
Altona42100%$74,750$92,500-19.2%
Wataga7475%$74,043$69,2506.9%
Galesburg160265-39.6%$74,000$64,00015.6%
Maquon20-$69,250$0-
Abingdon2630-13.3%$54,687.50$40,40035.4%

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