December 2021: Route 4/ Route 97 experienced a 25.2% drop in median home prices

December 2021: Route 4/ Route 97 experienced a 25.2% drop in median home prices
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The median sale price of a home sold in December 2021 in Route 4/ Route 97, a Springfield neighborhood, fell by $31,950 while total sales decreased by 37.5%, according to BlockShopper.com.

In December 2021, there were five homes sold, with a median sale price of $95,000 – a 25.2% decrease over the $126,950 median sale price for the same period of the previous year. There were eight homes sold in Route 4/ Route 97 in December 2020.

The median sales tax in Route 4/ Route 97 for the most recent year with available data, 2019, was $2,083, approximately 2.2% of the median home sale price for December 2021.

The following table compares Route 4/ Route 97 to other Springfield neighborhood with similar median sale prices in December 2021:

Neighborhood Dec. 2021 Home Sales Dec. 2020 Home Sales % change (Total Home Sales) Dec. 2021 Median Sales Price Dec. 2020 Median Sales Price % change (Median Sales Price)
Route 97/ Walnut Street 3 0 – $139,400 $0 –
Stanton Street/ Stevenson Drive 5 10 -50% $110,500 $125,500 -12%
Lincoln Avenue/ Fayette Avenue 7 6 16.7% $107,500 $100,250 7.2%
Glenwood Avenue/ Fayette Avenue 7 6 16.7% $105,000 $71,055 47.8%
Jerome 6 7 -14.3% $101,000 $80,000 26.3%
Route 4/ Route 97 5 8 -37.5% $95,000 $126,950 -25.2%
Devereux Heights 4 4 0% $89,500 $27,500 225.5%
5th Street/ Griffiths Avenue 5 6 -16.7% $88,000 $77,450 13.6%
College Street/ Ash Street 11 8 37.5% $86,853 $101,500 -14.4%
Stanford Avenue/ Fox Bridge Road 6 6 0% $86,500 $52,000 66.3%
Route 54/ Sangamon Ave. 9 9 0% $83,000 $96,000 -13.5%


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