The median sale price of a home sold in the third quarter of 2020 in Jerome, a Springfield neighborhood, fell by $16,000 while total sales decreased by 69.6%, according to BlockShopper.com.
From July through September of 2020, there were seven homes sold, with a median sale price of $69,000 – a 18.8% decrease over the $85,000 median sale price for the same period of the previous year. There were 23 homes sold in Jerome in the third quarter of 2019.
The median sales tax in Jerome for the most recent year with available data, 2018, was $1,686, approximately 2.4% of the median home sale price for the third quarter of 2020.
The following table compares Jerome to other Springfield neighborhood with similar median sales prices in the third quarter of 2020:
| Neighborhood | July – Sept. 2020 Home Sales | July – Sept. 2019 Home Sales | % change (Total Home Sales) | July – Sept. 2020 Median Sales Price | July – Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 97/ Walnut Street | 4 | 2 | 100% | $94,000 | $34,500 | 172.5% |
| College Street/ Ash Street | 12 | 28 | -57.1% | $87,700 | $104,850 | -16.4% |
| 5th Street/ Griffiths Avenue | 10 | 10 | 0% | $84,500 | $86,250 | -2% |
| Route 54/ Sangamon Ave. | 23 | 42 | -45.2% | $76,000 | $79,000 | -3.8% |
| 4th Street/ Cook Street | 9 | 13 | -30.8% | $73,000 | $45,500 | 60.4% |
| Jerome | 7 | 23 | -69.6% | $69,000 | $85,000 | -18.8% |
| Stanford Avenue/ Fox Bridge Road | 14 | 14 | 0% | $51,500 | $43,750 | 17.7% |
| Southern View | 8 | 12 | -33.3% | $51,000 | $48,500 | 5.2% |
| College Street/ Lawrence Avenue | 13 | 13 | 0% | $40,000 | $56,000 | -28.6% |
| Route 97/ 9th Street | 3 | 2 | 50% | $32,000 | $60,000 | -46.7% |
| Route 29/ Route 97 | 9 | 12 | -25% | $31,000 | $42,500 | -27.1% |
