From January through June of 2017, there were 43 homes sold, with a median sale price of $92,835 - a 5.3% decrease over the $98,000 median sale price for the same period of the previous year. There were 35 homes sold in Lincoln Avenue/ Fayette Avenue in the first half of 2016.
The median sales tax in Lincoln Avenue/ Fayette Avenue for 2017 was $2,217. In 2016, the median sales tax was $2,190. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.
The following table compares Lincoln Avenue/ Fayette 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) |
|---|---|---|---|---|---|---|
| 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% |
| Glenwood Avenue/ Fayette Avenue | 40 | 26 | 53.8% | $84,200 | $97,750 | -13.9% |
| Devereux Heights | 12 | 21 | -42.9% | $83,634.50 | $105,000 | -20.3% |
| College Street/ Ash Street | 66 | 58 | 13.8% | $77,250 | $97,750 | -21% |
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