From July through September of 2017, there were 28 homes sold, with a median sale price of $94,500 - a 14.9% decrease over the $111,000 median sale price for the same period of the previous year. There were 33 homes sold in Route 4/ Route 97 in the third quarter of 2016.
The median sales tax in Route 4/ Route 97 for 2017 was $1,852.86. In 2016, the median sales tax was $1,907.20. This marks an decrease of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.
The following table compares Route 4/ Route 97 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) |
|---|---|---|---|---|---|---|
| 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% |
| College Street/ Lawrence Avenue | 17 | 18 | -5.6% | $73,000 | $68,500 | 6.6% |
| Jerome | 29 | 45 | -35.6% | $71,733 | $76,000 | -5.6% |
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