From July through September of 2017, there were 17 homes sold, with a median sale price of $73,000 - a 6.6% increase over the $68,500 median sale price for the same period of the previous year. There were 18 homes sold in College Street/ Lawrence Avenue in the third 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 2.1%.
The following table compares College Street/ Lawrence 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) |
|---|---|---|---|---|---|---|
| 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% |
| Stanford Avenue/ Fox Bridge Road | 30 | 18 | 66.7% | $64,000 | $47,875 | 33.7% |
| Arlington Heights | 14 | 22 | -36.4% | $56,500 | $37,000 | 52.7% |
| Route 97/ Walnut Street | 6 | 8 | -25% | $52,800 | $58,250 | -9.4% |
| Route 97/ 9th Street | 14 | 10 | 40% | $51,250 | $34,592 | 48.2% |
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