The median sale price of a home sold in the fourth quarter of 2021 in College Street/ Lawrence Avenue, a Springfield neighborhood, rose by $10,712 while total sales increased by 33.3%, according to BlockShopper.com.
From October through December of 2021, there were 12 homes sold, with a median sale price of $87,712 – a 13.9% increase over the $77,000 median sale price for the same period of the previous year. There were nine homes sold in College Street/ Lawrence Avenue in the fourth quarter of 2020.
The median sales tax in College Street/ Lawrence Avenue for the most recent year with available data, 2019, was $1,646, approximately 1.9% of the median home sale price for the fourth quarter of 2021.
The following table compares College Street/ Lawrence Avenue to other Springfield neighborhood with similar median sale prices in the fourth quarter of 2021:
| Neighborhood | Oct. – Dec. 2021 Home Sales | Oct. – Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. – Dec. 2021 Median Sales Price | Oct. – Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 97/ Walnut Street | 6 | 2 | 200% | $116,450 | $34,000 | 242.5% |
| Lincoln Avenue/ Fayette Avenue | 17 | 16 | 6.3% | $110,000 | $85,000 | 29.4% |
| Stanton Street/ Stevenson Drive | 17 | 23 | -26.1% | $102,250 | $105,000 | -2.6% |
| Glenwood Avenue/ Fayette Avenue | 26 | 16 | 62.5% | $98,500 | $139,750 | -29.5% |
| Route 4/ Route 97 | 17 | 19 | -10.5% | $95,000 | $105,000 | -9.5% |
| College Street/ Lawrence Avenue | 12 | 9 | 33.3% | $87,712 | $77,000 | 13.9% |
| Jerome | 25 | 17 | 47.1% | $82,900 | $82,000 | 1.1% |
| College Street/ Ash Street | 32 | 18 | 77.8% | $82,500 | $101,500 | -18.7% |
| Route 54/ Sangamon Ave. | 37 | 27 | 37% | $82,000 | $87,500 | -6.3% |
| 5th Street/ Griffiths Avenue | 19 | 19 | 0% | $80,000 | $65,500 | 22.1% |
| Stanford Avenue/ Fox Bridge Road | 13 | 15 | -13.3% | $80,000 | $51,000 | 56.9% |
