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Monday, August 4, 2025

Route 4/ Greenbriar Drive home prices fall in the third quarter of 2017

Re 11

The median sale price of a home sold in the third quarter of 2017 in Route 4/ Greenbriar Drive, a Springfield neighborhood, fell by $9,000 while total sales decreased by 10%, according to BlockShopper.com.

From July through September of 2017, there were 45 homes sold, with a median sale price of $178,500 - a 4.8% decrease over the $187,500 median sale price for the same period of the previous year. There were 50 homes sold in Route 4/ Greenbriar Drive in the third quarter of 2016.

The median sales tax in Route 4/ Greenbriar Drive for 2017 was $4,189.38. In 2016, the median sales tax was $4,306.70. This marks an decrease of 2.7%. 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/ Greenbriar Drive to other Springfield neighborhood with similar median sales prices in the third quarter of 2017:

NeighborhoodJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Salisbury/ Farmingdale66634.8%$247,250$206,00020%
Leland Grove1925-24%$203,000$142,00043%
Woodside3139-20.5%$190,000$197,500-3.8%
Route 4/ Greenbriar Drive4550-10%$178,500$187,500-4.8%
Route 4/ Wabash Avenue2935-17.1%$145,255$146,500-0.8%
Route 4/ Washington Street4064-37.5%$137,250$132,2503.8%
Mayden Road/ Dirkson Parkway2310130%$131,500$121,5008.2%
Toronto/ University of Illinois at Springfield3344-25%$129,000$136,985-5.8%
Glenwood Avenue/ Fayette Avenue221915.8%$109,336$89,00022.8%
Lincoln Avenue/ Fayette Avenue181250%$100,950$111,500-9.5%
Devereux Heights8633.3%$99,000$89,00011.2%

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