From January through March of 2017, there were 26 homes sold, with a median sale price of $150,751.50 - a 10.4% increase over the $136,500 median sale price for the same period of the previous year. There were 17 homes sold in Route 4/ Wabash Avenue in the first quarter of 2016.
The median sales tax in Route 4/ Wabash Avenue for 2017 was $3,448.07. In 2016, the median sales tax was $3,395.70. This marks an increase of 1.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Route 4/ Wabash Avenue to other Springfield neighborhood with similar median sales prices in the first quarter of 2017:
| Neighborhood | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Salisbury/ Farmingdale | 52 | 27 | 92.6% | $200,000 | $190,000 | 5.3% |
| Woodside | 18 | 17 | 5.9% | $195,500 | $173,000 | 13% |
| Route 4/ Greenbriar Drive | 24 | 22 | 9.1% | $161,450 | $153,500 | 5.2% |
| Toronto/ University of Illinois at Springfield | 19 | 18 | 5.6% | $158,000 | $118,000 | 33.9% |
| Route 4/ Wabash Avenue | 26 | 17 | 52.9% | $150,751.50 | $136,500 | 10.4% |
| Leland Grove | 12 | 4 | 200% | $140,250 | $144,500 | -2.9% |
| Route 4/ Washington Street | 32 | 28 | 14.3% | $138,600 | $108,250 | 28% |
| Mayden Road/ Dirkson Parkway | 10 | 5 | 100% | $123,750 | $93,000 | 33.1% |
| Stanton Street/ Stevenson Drive | 21 | 15 | 40% | $92,500 | $89,050 | 3.9% |
| Lincoln Avenue/ Fayette Avenue | 12 | 6 | 100% | $82,000 | $117,226 | -30% |
| Glenwood Avenue/ Fayette Avenue | 20 | 10 | 100% | $80,450 | $110,250 | -27% |
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