From July through September of 2017, there were 17 homes sold, with a median sale price of $48,711 - a 7.6% increase over the $45,250 median sale price for the same period of the previous year. There were 10 homes sold in 5th Street/ Griffiths Avenue in the third quarter of 2016.
The median sales tax in 5th Street/ Griffiths Avenue for 2017 was $1,463.11. In 2016, the median sales tax was $1,456.70. This marks an increase of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.
The following table compares 5th Street/ Griffiths 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) |
|---|---|---|---|---|---|---|
| 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% |
| 5th Street/ Griffiths Avenue | 17 | 10 | 70% | $48,711 | $45,250 | 7.6% |
| Southern View | 10 | 4 | 150% | $45,750 | $40,500 | 13% |
| 4th Street/ Cook Street | 19 | 15 | 26.7% | $43,000 | $58,900 | -27% |
| Grandview | 8 | 18 | -55.6% | $39,750 | $38,820 | 2.4% |
| Ash Street/ Wirt Avenue | 19 | 12 | 58.3% | $29,900 | $17,500 | 70.9% |
| Edwards Street/ 11th Street | 1 | 2 | -50% | $29,750 | $26,300 | 13.1% |
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