Photo: Mlw126 · CC BY-SA 4.049 homes sold in Oak Run in the last year, at a typical $347K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Oak Run homes are listed.
Every place Oak Run homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Oak Run.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Oak Run’s sales, at a typical $347K
49 homes sold in the year to May 2026.
typical sale · 49 sold in 12 months
- Per square foot
- $171IL $180
- Days to sell
- 56
- Sold over asking
- 8%
- Listings with a price cut
- 26%
More homes sell than most years, at 1.4 times the 2016 price
49 sales in the last year, against 49 in 2018 and a low of 28 in 2012. The typical sale went from $257K in 2016 to $347K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Oak Run
Check a listing against what Oak Run homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Oak Run are back to pre-pandemic levels, but 57% fewer homes come up for sale
We read every month of Oak Run’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 49 sales.
If you’re buying in Oak Run
- Shop in April. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (4% over asking).
- Offer under asking. Buyers paid 97.4% of the list price on average; 8% paid over.
- You’ll usually have time. Only 33% of homes go under contract within two weeks; the typical one takes 56 days.
Spring brings the homes; summer brings the bidding wars
April has the most new listings (about 5 a month), but June is the most competitive: 15% of June sales close over asking. April has the least competition (4%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Illinois
| Oak Run now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 8% | 4% | 18% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 33% | 1% | 2% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 26% | — | — | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 97.4% | 94% | 97.7% | 99.2% |
| Days to sellMedian days from listing to contract | 56 | 561 | 690 | 49 |
9 homes for sale on a typical day
That’s 1.2 times the 2022 low (8), 57% fewer than in 2017–19 and well under 2015’s 36.
1 in 4 listings has cut its price
26% in the last year, against — in 2017–19 and 19% across Illinois.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Oak Run home costs about $2,394 a month
Price: Oak Run’s typical sale, last 12 months. Property tax at Oak Run’s 2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Oak Run is affordable on local pay is on Cost of living.
Five things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $347K home, about $7,020 a year.
Taxes vs. neighborsCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Knoxville, Galesburg, Elmwood, Galva, Abingdon and Farmington sell for less a square foot
The busier markets within 25 miles of Oak Run, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Galesburg | 305 | $111K | $85 | 22% | 48 |
| Oak Run | 49 | $347K | $171 | 8% | 56 |
| Abingdon | 37 | $102K | $65 | 24% | 54 |
| Knoxville | 35 | $180K | $96 | 23% | 56 |
| Elmwood | 28 | $155K | $88 | 29% | 26 |
| Farmington | 25 | $107K | $78 | 24% | 48 |
| Galva | 24 | $101K | $71 | 25% | 86 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Oak Run, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Oak Run. People who follow the town see it, and so do people comparing Oak Run with their own town. No commission, no listing fee.
Questions about buying a home in Oak Run
What do homes sell for in Oak Run, IL?
49 homes sold in the year to May 2026 at a typical $347K, $171 a square foot.
Is Oak Run a buyer’s or seller’s market?
A seller’s market: 9 homes were for sale in May 2026 and 5 sold, about 1.8 months of supply. Buyers paid 97.4% of asking on average, and 26% of listings cut their price.
When is the best time to buy in Oak Run?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Oak Run?
About 2% of a home’s value a year. On a $347K home that’s near $7,020.
Where can I see homes for sale in Oak Run?
Zillow, Redfin, Realtor.com and Homes.com all carry Oak Run’s MLS listings; the search links above open each one filtered to Oak Run.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).