From January through June of 2017, there were 55 homes sold, with a median sale price of $149,900 - a 6.9% increase over the $140,250 median sale price for the same period of the previous year. There were 48 homes sold in Route 4/ Wabash Avenue in the first half of 2016.
The median sales tax in Route 4/ Wabash Avenue for 2017 was $3,448. In 2016, the median sales tax was $3,396. This marks an increase of 1.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Route 4/ Wabash Avenue to other Springfield neighborhood with similar median sales prices in the first half of 2017:
| Neighborhood | Jan. - June 2017 Home Sales | Jan. - June 2016 Home Sales | % change (Total Home Sales) | Jan. - June 2017 Median Sales Price | Jan. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodside | 48 | 59 | -18.6% | $216,500 | $177,000 | 22.3% |
| Salisbury/ Farmingdale | 131 | 110 | 19.1% | $200,000 | $232,250 | -13.9% |
| Route 4/ Greenbriar Drive | 71 | 70 | 1.4% | $164,500 | $189,950 | -13.4% |
| Leland Grove | 30 | 14 | 114.3% | $159,200 | $142,000 | 12.1% |
| Route 4/ Wabash Avenue | 55 | 48 | 14.6% | $149,900 | $140,250 | 6.9% |
| Toronto/ University of Illinois at Springfield | 50 | 42 | 19% | $138,750 | $123,500 | 12.3% |
| Route 4/ Washington Street | 91 | 87 | 4.6% | $137,500 | $120,000 | 14.6% |
| Mayden Road/ Dirkson Parkway | 26 | 11 | 136.4% | $118,500 | $113,000 | 4.9% |
| Lincoln Avenue/ Fayette Avenue | 43 | 35 | 22.9% | $92,835.20 | $98,000 | -5.3% |
| Route 4/ Route 97 | 51 | 52 | -1.9% | $90,500 | $82,500 | 9.7% |
| Stanton Street/ Stevenson Drive | 54 | 58 | -6.9% | $87,750 | $84,000 | 4.5% |
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