From January through March of 2017, there were 12 homes sold, with a median sale price of $82,000 - a 30% decrease over the $117,226 median sale price for the same period of the previous year. There were six homes sold in Lincoln Avenue/ Fayette Avenue in the first quarter of 2016.
The median sales tax in Lincoln Avenue/ Fayette Avenue for 2017 was $2,217.12. In 2016, the median sales tax was $2,189.80. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.
The following table compares Lincoln Avenue/ Fayette 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) |
|---|---|---|---|---|---|---|
| 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% |
| College Street/ Ash Street | 18 | 19 | -5.3% | $75,750 | $87,880 | -13.8% |
| 5th Street/ Griffiths Avenue | 22 | 19 | 15.8% | $67,500 | $53,500 | 26.2% |
| Jerome | 26 | 19 | 36.8% | $64,396.13 | $86,500 | -25.6% |
| Route 4/ Route 97 | 22 | 17 | 29.4% | $63,500 | $70,750 | -10.2% |
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