From April through June of 2017, there were 18 homes sold, with a median sale price of $61,855.28 - a 23.7% increase over the $50,000 median sale price for the same period of the previous year. There were 15 homes sold in College Street/ Lawrence Avenue in the second quarter of 2016.
The median sales tax in College Street/ Lawrence Avenue for 2017 was $1,532. In 2016, the median sales tax was $1,507.70. This marks an increase of 1.6%. 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 College Street/ Lawrence 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) |
|---|---|---|---|---|---|---|
| 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% |
| College Street/ Lawrence Avenue | 18 | 15 | 20% | $61,855.28 | $50,000 | 23.7% |
| 4th Street/ Cook Street | 14 | 15 | -6.7% | $58,750 | $46,000 | 27.7% |
| Grandview | 20 | 9 | 122.2% | $58,000 | $52,000 | 11.5% |
| Route 97/ Walnut Street | 11 | 8 | 37.5% | $57,200 | $58,000 | -1.4% |
| Edwards Street/ 11th Street | 2 | 1 | 100% | $50,100 | $7,000 | 615.7% |
| Southern View | 14 | 8 | 75% | $49,507.57 | $81,450 | -39.2% |
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