From July through September of 2017, there were 18 homes sold, with a median sale price of $100,950 - a 9.5% decrease over the $111,500 median sale price for the same period of the previous year. There were 12 homes sold in Lincoln Avenue/ Fayette Avenue in the third 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 2.2%.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in the third quarter of 2017:
| Neighborhood | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 4/ Wabash Avenue | 29 | 35 | -17.1% | $145,255 | $146,500 | -0.8% |
| Route 4/ Washington Street | 40 | 64 | -37.5% | $137,250 | $132,250 | 3.8% |
| Mayden Road/ Dirkson Parkway | 23 | 10 | 130% | $131,500 | $121,500 | 8.2% |
| Toronto/ University of Illinois at Springfield | 33 | 44 | -25% | $129,000 | $136,985 | -5.8% |
| Glenwood Avenue/ Fayette Avenue | 22 | 19 | 15.8% | $109,336 | $89,000 | 22.8% |
| Lincoln Avenue/ Fayette Avenue | 18 | 12 | 50% | $100,950 | $111,500 | -9.5% |
| Devereux Heights | 8 | 6 | 33.3% | $99,000 | $89,000 | 11.2% |
| Route 4/ Route 97 | 28 | 33 | -15.2% | $94,500 | $111,000 | -14.9% |
| Stanton Street/ Stevenson Drive | 35 | 27 | 29.6% | $88,000 | $86,900 | 1.3% |
| College Street/ Ash Street | 40 | 32 | 25% | $86,500 | $93,450 | -7.4% |
| Route 54/ Sangamon Ave. | 54 | 47 | 14.9% | $73,750 | $78,500 | -6.1% |
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