From April through June of 2017, there were 31 homes sold, with a median sale price of $95,400 - a 12.2% increase over the $85,000 median sale price for the same period of the previous year. There were 29 homes sold in Lincoln Avenue/ Fayette Avenue in the second quarter of 2016.
The median sales tax in Lincoln Avenue/ Fayette Avenue for 2017 was $2,217.12. In 2016, the median sales tax was $2,189.80. This marks an increase of 1.2%. 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 Lincoln Avenue/ Fayette Avenue 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) |
|---|---|---|---|---|---|---|
| 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% |
| Lincoln Avenue/ Fayette Avenue | 31 | 29 | 6.9% | $95,400 | $85,000 | 12.2% |
| Stanton Street/ Stevenson Drive | 33 | 43 | -23.3% | $84,000 | $82,900 | 1.3% |
| College Street/ Ash Street | 48 | 39 | 23.1% | $77,250 | $102,500 | -24.6% |
| Route 54/ Sangamon Ave. | 44 | 56 | -21.4% | $75,975 | $78,250 | -2.9% |
| Jerome | 35 | 32 | 9.4% | $69,900 | $79,150 | -11.7% |
| 5th Street/ Griffiths Avenue | 24 | 13 | 84.6% | $63,750 | $62,000 | 2.8% |
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