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Thursday, April 18, 2024

Route 4/ Wabash Avenue home prices fall in the first quarter of 2018

Realestate3

The median sale price of a home sold in the first quarter of 2018 in Route 4/ Wabash Avenue, a Springfield neighborhood, fell by $7,720.50 while total sales decreased by 15.4%, according to BlockShopper.com.

From January through March of 2018, there were 22 homes sold, with a median sale price of $143,031 - a 5.1% decrease over the $150,751.50 median sale price for the same period of the previous year. There were 26 homes sold in Route 4/ Wabash Avenue in the first quarter of 2017.

The median sales tax in Route 4/ Wabash Avenue for the most recent year with available data, 2017, was $3,448.10, approximately 2.4% of the median home sale price for the first quarter of 2018.

The following table compares Route 4/ Wabash Avenue to other Springfield neighborhood with similar median sales prices in the first quarter of 2018:

NeighborhoodJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Woodside241833.3%$186,750$195,500-4.5%
Salisbury/ Farmingdale4652-11.5%$180,450$200,000-9.8%
Route 4/ Greenbriar Drive2324-4.2%$175,000$161,4508.4%
Leland Grove12120%$157,250$140,25012.1%
Toronto/ University of Illinois at Springfield1719-10.5%$146,000$158,000-7.6%
Route 4/ Wabash Avenue2226-15.4%$143,031$150,751.50-5.1%
Mayden Road/ Dirkson Parkway141040%$136,250$123,75010.1%
Edwards Street/ 11th Street14-75%$124,900$42,000197.4%
Route 4/ Washington Street2932-9.4%$119,900$138,600-13.5%
Stanton Street/ Stevenson Drive22214.8%$98,500$92,5006.5%
Glenwood Avenue/ Fayette Avenue1920-5%$85,000$80,4505.7%

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