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Galesburg Reporter

Tuesday, May 13, 2025

The fourth quarter of 2021: Home prices in Oak Run fell

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The median sale price of a home sold in the fourth quarter of 2021 in Oak Run fell by $34,000 while total sales decreased by 83.3%, according to BlockShopper.com.

From October through December of 2021, there were two homes sold, with a median sale price of $263,000 - a 11.4% decrease over the $297,000 median sale price for the same period of the previous year. There were 12 homes sold in Oak Run in the fourth quarter of 2020.

The median sales tax in Oak Run for the most recent year with available data, 2019, was $6,284, approximately 2.4% of the median home sale price for the fourth quarter of 2021.

The following table compares Oak Run to other Knox County cities in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Williamsfield16-83.3%$343,000$70,500386.5%
Oak Run212-83.3%$263,000$297,000-11.4%
Wataga330%$239,000$81,000195.1%
Dahinda12-50%$165,000$209,000-21.1%
Altona10-$155,000$0-
Abingdon312-75%$104,500$42,500145.9%
Galesburg27154-82.5%$97,500$66,00047.7%
Knoxville312-75%$93,000$87,2506.6%
Maquon10-$37,000$0-
Yates City15-80%$15,000$90,000-83.3%
Gilson02-100%$0$210,000-100%
Oneida05-100%$0$120,000-100%
East Galesburg03-100%$0$40,000-100%
Henderson03-100%$0$100,000-100%
Rio01-100%$0$35,000-100%

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