From April through June of 2017, there were 12 homes sold, with a median sale price of $103,000 - a 6.2% increase over the $97,000 median sale price for the same period of the previous year. There were four homes sold in Oakland in the second quarter of 2016.
The median sales tax in Oakland for 2017 was $1,489.26. In 2016, the median sales tax was $1,625.90. This marks an decrease of 8.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.
The following table compares Oakland to other Coles County cities in the second quarter of 2017:
| City | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Charleston | 89 | 77 | 15.6% | $114,000 | $110,000 | 3.6% |
| Oakland | 12 | 4 | 200% | $103,000 | $97,000 | 6.2% |
| Lerna | 3 | 1 | 200% | $99,000 | $221,000 | -55.2% |
| Mattoon | 85 | 88 | -3.4% | $71,000 | $73,685.98 | -3.6% |
| Ashmore | 3 | 8 | -62.5% | $62,000 | $48,500 | 27.8% |
| Humboldt | 0 | 5 | -100% | $0 | $82,000 | -100% |
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