From April through June of 2017, there were 59 homes sold, with a median sale price of $137,500 - a 13.6% increase over the $121,000 median sale price for the same period of the previous year. There were 59 homes sold in Route 4/ Washington Street in the second quarter of 2016, as well.
The median sales tax in Route 4/ Washington Street for 2017 was $3,172.40. In 2016, the median sales tax was $3,164.50. This marks an increase of 0.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Route 4/ Washington Street to other Springfield neighborhood with similar median sales prices in the second quarter of 2017:
| Neighborhood | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodside | 30 | 42 | -28.6% | $223,500 | $179,500 | 24.5% |
| Salisbury/ Farmingdale | 79 | 83 | -4.8% | $198,000 | $240,000 | -17.5% |
| Leland Grove | 18 | 10 | 80% | $180,500 | $135,450 | 33.3% |
| Route 4/ Greenbriar Drive | 47 | 48 | -2.1% | $164,500 | $204,750 | -19.7% |
| Route 4/ Wabash Avenue | 29 | 31 | -6.5% | $148,500 | $141,000 | 5.3% |
| Route 4/ Washington Street | 59 | 59 | 0% | $137,500 | $121,000 | 13.6% |
| Toronto/ University of Illinois at Springfield | 31 | 24 | 29.2% | $132,500 | $126,250 | 5% |
| Mayden Road/ Dirkson Parkway | 16 | 6 | 166.7% | $105,625 | $126,500 | -16.5% |
| Devereux Heights | 7 | 15 | -53.3% | $105,610.51 | $71,000 | 48.7% |
| Route 4/ Route 97 | 29 | 35 | -17.1% | $98,000 | $94,000 | 4.3% |
| Glenwood Avenue/ Fayette Avenue | 20 | 16 | 25% | $96,250 | $85,660 | 12.4% |
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