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East Central Reporter

Friday, April 18, 2025

The second half of 2021: Oakland experienced a 30.2% drop in median home prices

Webp re 14

The median sale price of a home sold in the second half of 2021 in Oakland fell by $33,250 while total sales decreased by 6.7%, according to BlockShopper.com.

From July through December of 2021, there were 14 homes sold, with a median sale price of $76,750 - a 30.2% decrease over the $110,000 median sale price for the same period of the previous year. There were 15 homes sold in Oakland in the second half of 2020.

The median sales tax in Oakland for the most recent year with available data, 2019, was $1,503, approximately 2% of the median home sale price for the second half of 2021.

The following table compares Oakland to other Coles County cities in the second half of 2021:

CityJuly - Dec. 2021 Home SalesJuly - Dec. 2020 Home Sales% change (Total Home Sales)July - Dec. 2021 Median Sales PriceJuly - Dec. 2020 Median Sales Price% change (Median Sales Price)
Lerna89-11.1%$215,000$140,00053.6%
Charleston1801762.3%$115,000$105,0009.5%
Mattoon2122091.4%$84,000$80,0005%
Oakland1415-6.7%$76,750$110,000-30.2%
Ashmore10100%$75,000$83,000-9.6%
Humboldt7616.7%$75,000$101,000-25.7%

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