From January through March of 2017, there were 26 homes sold, with a median sale price of $64,396.13 - a 25.6% decrease over the $86,500 median sale price for the same period of the previous year. There were 19 homes sold in Jerome in the first quarter of 2016.
The median sales tax in Jerome for 2017 was $1,621.89. In 2016, the median sales tax was $1,578.30. This marks an increase of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.
The following table compares Jerome 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) |
|---|---|---|---|---|---|---|
| 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% |
| Route 54/ Sangamon Ave. | 28 | 43 | -34.9% | $61,000 | $61,500 | -0.8% |
| Devereux Heights | 5 | 6 | -16.7% | $60,000 | $139,000 | -56.8% |
| Route 97/ Walnut Street | 8 | 8 | 0% | $47,064.50 | $33,500 | 40.5% |
| Route 97/ 9th Street | 13 | 2 | 550% | $45,000 | $51,000 | -11.8% |
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