Pricing for the median home in 4th Street/ Cook Street decreased during the third quarter of 2021

Pricing for the median home in 4th Street/ Cook Street decreased during the third quarter of 2021
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The median sale price of a home sold in the third quarter of 2021 in 4th Street/ Cook Street, a Springfield neighborhood, fell by $14,500 while total sales increased by 66.7%, according to BlockShopper.com.

From July through September of 2021, there were 15 homes sold, with a median sale price of $58,500 – a 19.9% decrease over the $73,000 median sale price for the same period of the previous year. There were nine homes sold in 4th Street/ Cook Street in the third quarter of 2020.

The median sales tax in 4th Street/ Cook Street for the most recent year with available data, 2019, was $1,495, approximately 2.6% of the median home sale price for the third quarter of 2021.

The following table compares 4th Street/ Cook Street to other Springfield neighborhood with similar median sale prices in the third quarter of 2021:

Neighborhood July – Sept. 2021 Home Sales July – Sept. 2020 Home Sales % change (Total Home Sales) July – Sept. 2021 Median Sales Price July – Sept. 2020 Median Sales Price % change (Median Sales Price)
Route 97/ Walnut Street 6 4 50% $73,700 $94,000 -21.6%
Southern View 13 8 62.5% $66,500 $51,000 30.4%
Arlington Heights 22 7 214.3% $66,250 $26,000 154.8%
Grandview 13 7 85.7% $60,000 $29,000 106.9%
Stanford Avenue/ Fox Bridge Road 14 14 0% $60,000 $51,500 16.5%
4th Street/ Cook Street 15 9 66.7% $58,500 $73,000 -19.9%
Edwards Street/ 11th Street 2 3 -33.3% $58,000 $16,000 262.5%
Route 97/ 9th Street 8 3 166.7% $51,450 $32,000 60.8%
Clear Lake Avenue/ 16th Street 1 1 0% $37,000 $18,000 105.6%
Route 29/ Route 97 11 9 22.2% $33,875 $31,000 9.3%
16th Street/ Ash Street 9 9 0% $30,000 $24,000 25%


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