Pricing for the median home in College Street/ Ash Street decreased during the second half of 2021

Pricing for the median home in College Street/ Ash Street decreased during the second half of 2021
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The median sale price of a home sold in the second half of 2021 in College Street/ Ash Street, a Springfield neighborhood, fell by $6,800 while total sales increased by 130%, according to BlockShopper.com.

From July through December of 2021, there were 69 homes sold, with a median sale price of $91,900 – a 6.9% decrease over the $98,700 median sale price for the same period of the previous year. There were 30 homes sold in College Street/ Ash Street in the second half of 2020.

The median sales tax in College Street/ Ash Street for the most recent year with available data, 2019, was $2,273, approximately 2.5% of the median home sale price for the second half of 2021.

The following table compares College Street/ Ash Street to other Springfield neighborhood with similar median sale prices in the second half of 2021:

Neighborhood July – Dec. 2021 Home Sales July – Dec. 2020 Home Sales % change (Total Home Sales) July – Dec. 2021 Median Sales Price July – Dec. 2020 Median Sales Price % change (Median Sales Price)
Mayden Road/ Dirkson Parkway 21 28 -25% $155,000 $136,500 13.6%
Lincoln Avenue/ Fayette Avenue 35 23 52.2% $112,500 $100,600 11.8%
Stanton Street/ Stevenson Drive 36 39 -7.7% $110,250 $102,000 8.1%
Glenwood Avenue/ Fayette Avenue 47 29 62.1% $100,000 $124,900 -19.9%
Route 4/ Route 97 38 34 11.8% $95,000 $113,450 -16.3%
College Street/ Ash Street 69 30 130% $91,900 $98,700 -6.9%
Route 54/ Sangamon Ave. 71 50 42% $89,000 $83,950 6%
Jerome 52 24 116.7% $85,500 $77,450 10.4%
Route 97/ Walnut Street 12 6 100% $82,950 $63,500 30.6%
College Street/ Lawrence Avenue 21 22 -4.5% $81,000 $52,000 55.8%
5th Street/ Griffiths Avenue 34 29 17.2% $80,000 $70,000 14.3%


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