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Friday, April 19, 2024

Leland Grove home prices fall in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Leland Grove, a Springfield neighborhood, fell by $4,250 while total sales increased by 200%, according to BlockShopper.com.

From January through March of 2017, there were 12 homes sold, with a median sale price of $140,250 - a 2.9% decrease over the $144,500 median sale price for the same period of the previous year. There were four homes sold in Leland Grove in the first quarter of 2016.

The median sales tax in Leland Grove for 2017 was $3,948.04. In 2016, the median sales tax was $3,967.30. This marks an decrease of 0.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Leland Grove to other Springfield neighborhood with similar median sales prices in the first quarter of 2017:

NeighborhoodJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Salisbury/ Farmingdale522792.6%$200,000$190,0005.3%
Woodside18175.9%$195,500$173,00013%
Route 4/ Greenbriar Drive24229.1%$161,450$153,5005.2%
Toronto/ University of Illinois at Springfield19185.6%$158,000$118,00033.9%
Route 4/ Wabash Avenue261752.9%$150,751.50$136,50010.4%
Leland Grove124200%$140,250$144,500-2.9%
Route 4/ Washington Street322814.3%$138,600$108,25028%
Mayden Road/ Dirkson Parkway105100%$123,750$93,00033.1%
Stanton Street/ Stevenson Drive211540%$92,500$89,0503.9%
Lincoln Avenue/ Fayette Avenue126100%$82,000$117,226-30%
Glenwood Avenue/ Fayette Avenue2010100%$80,450$110,250-27%

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