The median sale price of a home sold in the fourth quarter of 2021 in Lincoln Avenue/ Fayette Avenue, a Springfield neighborhood, rose by $25,000 while total sales increased by 6.3%, according to BlockShopper.com.
From October through December of 2021, there were 17 homes sold, with a median sale price of $110,000 – a 29.4% increase over the $85,000 median sale price for the same period of the previous year. There were 16 homes sold in Lincoln Avenue/ Fayette Avenue in the fourth quarter of 2020.
The median sales tax in Lincoln Avenue/ Fayette Avenue for the most recent year with available data, 2019, was $2,461, approximately 2.2% of the median home sale price for the fourth quarter of 2021.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sale prices in the fourth quarter of 2021:
| Neighborhood | Oct. – Dec. 2021 Home Sales | Oct. – Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. – Dec. 2021 Median Sales Price | Oct. – Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 4/ Wabash Avenue | 30 | 19 | 57.9% | $182,950 | $165,000 | 10.9% |
| Mayden Road/ Dirkson Parkway | 12 | 11 | 9.1% | $161,000 | $124,000 | 29.8% |
| Toronto/ University of Illinois at Springfield | 27 | 17 | 58.8% | $155,000 | $155,000 | 0% |
| Route 4/ Washington Street | 43 | 27 | 59.3% | $155,000 | $134,000 | 15.7% |
| Route 97/ Walnut Street | 6 | 2 | 200% | $116,450 | $34,000 | 242.5% |
| Lincoln Avenue/ Fayette Avenue | 17 | 16 | 6.3% | $110,000 | $85,000 | 29.4% |
| Stanton Street/ Stevenson Drive | 17 | 23 | -26.1% | $102,250 | $105,000 | -2.6% |
| Glenwood Avenue/ Fayette Avenue | 26 | 16 | 62.5% | $98,500 | $139,750 | -29.5% |
| Route 4/ Route 97 | 17 | 19 | -10.5% | $95,000 | $105,000 | -9.5% |
| College Street/ Lawrence Avenue | 12 | 9 | 33.3% | $87,712 | $77,000 | 13.9% |
| Jerome | 25 | 17 | 47.1% | $82,900 | $82,000 | 1.1% |
