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Friday, April 19, 2024

Glenwood Avenue/ Fayette Avenue home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Glenwood Avenue/ Fayette Avenue, a Springfield neighborhood, rose by $4,550 while total sales decreased by 5%, according to BlockShopper.com.

From January through March of 2018, there were 19 homes sold, with a median sale price of $85,000 - a 5.7% increase over the $80,450 median sale price for the same period of the previous year. There were 20 homes sold in Glenwood Avenue/ Fayette Avenue in the first quarter of 2017.

The median sales tax in Glenwood Avenue/ Fayette Avenue for the most recent year with available data, 2017, was $2,098, approximately 2.5% of the median home sale price for the first quarter of 2018.

The following table compares Glenwood Avenue/ Fayette 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)
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%
Route 4/ Route 972022-9.1%$84,950$63,50033.8%
College Street/ Ash Street231827.8%$82,500$75,7508.9%
Devereux Heights115120%$81,250$60,00035.4%
Route 97/ Walnut Street48-50%$73,436$47,064.5056%
Lincoln Avenue/ Fayette Avenue13128.3%$72,000$82,000-12.2%

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