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Thursday, April 25, 2024

Leland Grove home prices rise in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Leland Grove, a Springfield neighborhood, rose by $17,200 while total sales increased by 114.3%, according to BlockShopper.com.

From January through June of 2017, there were 30 homes sold, with a median sale price of $159,200 - a 12.1% increase over the $142,000 median sale price for the same period of the previous year. There were 14 homes sold in Leland Grove in the first half of 2016.

The median sales tax in Leland Grove for 2017 was $3,948. In 2016, the median sales tax was $3,967. This marks an decrease of 0.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Leland Grove to other Springfield neighborhood with similar median sales prices in the first half of 2017:

NeighborhoodJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Woodside4859-18.6%$216,500$177,00022.3%
Salisbury/ Farmingdale13111019.1%$200,000$232,250-13.9%
Route 4/ Greenbriar Drive71701.4%$164,500$189,950-13.4%
Leland Grove3014114.3%$159,200$142,00012.1%
Route 4/ Wabash Avenue554814.6%$149,900$140,2506.9%
Toronto/ University of Illinois at Springfield504219%$138,750$123,50012.3%
Route 4/ Washington Street91874.6%$137,500$120,00014.6%
Mayden Road/ Dirkson Parkway2611136.4%$118,500$113,0004.9%
Lincoln Avenue/ Fayette Avenue433522.9%$92,835.20$98,000-5.3%
Route 4/ Route 975152-1.9%$90,500$82,5009.7%
Stanton Street/ Stevenson Drive5458-6.9%$87,750$84,0004.5%

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