From January through March of 2017, there were eight homes sold, with a median sale price of $47,064.50 - a 40.5% increase over the $33,500 median sale price for the same period of the previous year. There were eight homes sold in Route 97/ Walnut Street in the first quarter of 2016, as well.
The median sales tax in Route 97/ Walnut Street for 2017 was $1,505.26. In 2016, the median sales tax was $1,478.70. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.
The following table compares Route 97/ Walnut Street 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) |
|---|---|---|---|---|---|---|
| 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% |
| Southern View | 9 | 7 | 28.6% | $40,000 | $54,500 | -26.6% |
| Arlington Heights | 15 | 8 | 87.5% | $37,000 | $26,526.50 | 39.5% |
| Route 29/ Route 97 | 18 | 11 | 63.6% | $35,750 | $35,500 | 0.7% |
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