The median sale price of a home sold in the third quarter of 2020 in Lincoln Avenue/ Fayette Avenue, a Springfield neighborhood, rose by $12,000 while total sales decreased by 36.4%, according to BlockShopper.com.
From July through September of 2020, there were seven homes sold, with a median sale price of $122,000 – a 10.9% increase over the $110,000 median sale price for the same period of the previous year. There were 11 homes sold in Lincoln Avenue/ Fayette Avenue in the third quarter of 2019.
The median sales tax in Lincoln Avenue/ Fayette Avenue for the most recent year with available data, 2018, was $2,287, approximately 1.9% of the median home sale price for the third quarter of 2020.
The following table compares Lincoln Avenue/ Fayette Avenue 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 4/ Wabash Avenue | 18 | 32 | -43.8% | $161,250 | $154,772.50 | 4.2% |
| Toronto/ University of Illinois at Springfield | 20 | 33 | -39.4% | $149,500 | $132,000 | 13.3% |
| Mayden Road/ Dirkson Parkway | 17 | 15 | 13.3% | $138,000 | $149,900 | -7.9% |
| Route 4/ Washington Street | 33 | 31 | 6.5% | $135,000 | $137,500 | -1.8% |
| Route 4/ Route 97 | 15 | 22 | -31.8% | $127,000 | $69,200 | 83.5% |
| Lincoln Avenue/ Fayette Avenue | 7 | 11 | -36.4% | $122,000 | $110,000 | 10.9% |
| Glenwood Avenue/ Fayette Avenue | 13 | 21 | -38.1% | $119,900 | $103,000 | 16.4% |
| Cook Street/ Wheeler Avenue | 1 | 8 | -87.5% | $99,900 | $21,000 | 375.7% |
| Stanton Street/ Stevenson Drive | 16 | 30 | -46.7% | $98,750 | $93,750 | 5.3% |
| Devereux Heights | 4 | 13 | -69.2% | $97,000 | $119,900 | -19.1% |
| Route 97/ Walnut Street | 4 | 2 | 100% | $94,000 | $34,500 | 172.5% |
