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Sunday, November 24, 2024

Devereux Heights home prices fall in the first quarter of 2017

Realestate5

The median sale price of a home sold in the first quarter of 2017 in Devereux Heights, a Springfield neighborhood, fell by $79,000 while total sales decreased by 16.7%, according to BlockShopper.com.

From January through March of 2017, there were five homes sold, with a median sale price of $60,000 - a 56.8% decrease over the $139,000 median sale price for the same period of the previous year. There were six homes sold in Devereux Heights in the first quarter of 2016.

The median sales tax in Devereux Heights for 2017 was $1,518.26. In 2016, the median sales tax was $1,580. This marks an decrease of 3.9%. 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 Devereux Heights 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)
College Street/ Ash Street1819-5.3%$75,750$87,880-13.8%
5th Street/ Griffiths Avenue221915.8%$67,500$53,50026.2%
Jerome261936.8%$64,396.13$86,500-25.6%
Route 4/ Route 97221729.4%$63,500$70,750-10.2%
Route 54/ Sangamon Ave.2843-34.9%$61,000$61,500-0.8%
Devereux Heights56-16.7%$60,000$139,000-56.8%
Route 97/ Walnut Street880%$47,064.50$33,50040.5%
Route 97/ 9th Street132550%$45,000$51,000-11.8%
Edwards Street/ 11th Street440%$42,000$24,767.5069.6%
Southern View9728.6%$40,000$54,500-26.6%
Arlington Heights15887.5%$37,000$26,526.5039.5%

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