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Sunday, November 24, 2024

Route 97/ 9th Street home prices fall in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Route 97/ 9th Street, a Springfield neighborhood, fell by $6,000 while total sales increased by 550%, according to BlockShopper.com.

From January through March of 2017, there were 13 homes sold, with a median sale price of $45,000 - a 11.8% decrease over the $51,000 median sale price for the same period of the previous year. There were two homes sold in Route 97/ 9th Street in the first quarter of 2016.

The median sales tax in Route 97/ 9th Street for 2017 was $796.65. In 2016, the median sales tax was $819.40. 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 1.8%.

The following table compares Route 97/ 9th Street 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)
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%
Route 29/ Route 97181163.6%$35,750$35,5000.7%
Grandview910-10%$35,500$38,500-7.8%

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