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Monday, August 4, 2025

Route 97/ 9th Street home prices rise in the third quarter of 2017

Re 11

The median sale price of a home sold in the third quarter of 2017 in Route 97/ 9th Street, a Springfield neighborhood, rose by $16,658 while total sales increased by 40%, according to BlockShopper.com.

From July through September of 2017, there were 14 homes sold, with a median sale price of $51,250 - a 48.2% increase over the $34,592 median sale price for the same period of the previous year. There were 10 homes sold in Route 97/ 9th Street in the third quarter of 2016.

The median sales tax in Route 97/ 9th Street for 2017 was $796.65. In 2016, the median sales tax was $819.40. 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 1.6%.

The following table compares Route 97/ 9th Street 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)
College Street/ Lawrence Avenue1718-5.6%$73,000$68,5006.6%
Jerome2945-35.6%$71,733$76,000-5.6%
Stanford Avenue/ Fox Bridge Road301866.7%$64,000$47,87533.7%
Arlington Heights1422-36.4%$56,500$37,00052.7%
Route 97/ Walnut Street68-25%$52,800$58,250-9.4%
Route 97/ 9th Street141040%$51,250$34,59248.2%
5th Street/ Griffiths Avenue171070%$48,711$45,2507.6%
Southern View104150%$45,750$40,50013%
4th Street/ Cook Street191526.7%$43,000$58,900-27%
Grandview818-55.6%$39,750$38,8202.4%
Ash Street/ Wirt Avenue191258.3%$29,900$17,50070.9%

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