From January through December of 2017, there were 24 homes sold, with a median sale price of $81,000 - a 30.6% increase over the $62,000 median sale price for the previous year. There were 17 homes sold in Oakland in 2016.
The median sales tax in Oakland for 2017 was $1,489. In 2016, the median sales tax was $1,626. 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 1.8%.
The following table compares Oakland to other Coles County cities in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Charleston | 285 | 244 | 16.8% | $95,500 | $110,000 | -13.2% |
| Oakland | 24 | 17 | 41.2% | $81,000 | $62,000 | 30.6% |
| Lerna | 13 | 6 | 116.7% | $78,500 | $118,150 | -33.6% |
| Humboldt | 10 | 11 | -9.1% | $68,625 | $79,900 | -14.1% |
| Mattoon | 378 | 317 | 19.2% | $68,000 | $73,500 | -7.5% |
| Ashmore | 17 | 16 | 6.3% | $53,000 | $45,500 | 16.5% |
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