From January through March of 2017, there were 22 homes sold, with a median sale price of $63,500 - a 10.2% decrease over the $70,750 median sale price for the same period of the previous year. There were 17 homes sold in Route 4/ Route 97 in the first quarter of 2016.
The median sales tax in Route 4/ Route 97 for 2017 was $1,852.86. In 2016, the median sales tax was $1,907.20. This marks an decrease of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.
The following table compares Route 4/ Route 97 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) |
|---|---|---|---|---|---|---|
| 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% |
| Edwards Street/ 11th Street | 4 | 4 | 0% | $42,000 | $24,767.50 | 69.6% |
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