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Tuesday, April 16, 2024

Route 29/ Route 97 home prices fall in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Route 29/ Route 97, a Springfield neighborhood, fell by $7,628 while total sales increased by 18.2%, according to BlockShopper.com.

From July through September of 2017, there were 13 homes sold, with a median sale price of $29,500 - a 20.5% decrease over the $37,128 median sale price for the same period of the previous year. There were 11 homes sold in Route 29/ Route 97 in the third quarter of 2016.

The median sales tax in Route 29/ Route 97 for 2017 was $1,112.20. In 2016, the median sales tax was $1,105. This marks an increase of 0.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.8%.

The following table compares Route 29/ Route 97 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)
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%
Edwards Street/ 11th Street12-50%$29,750$26,30013.1%
Route 29/ Route 97131118.2%$29,500$37,128-20.5%
Cook Street/ Wheeler Avenue36-50%$19,100$19,500-2.1%
16th Street/ Ash Street191435.7%$18,000$31,000-41.9%
Clear Lake Avenue/ 16th Street8560%$14,250$28,000-49.1%
Cook Street/ 11th Street45-20%$10,250$15,000-31.7%

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