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Sunday, September 29, 2024

Devereux Heights home prices fall 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 Devereux Heights, a Springfield neighborhood, fell by $21,366 while total sales decreased by 42.9%, according to BlockShopper.com.

From January through June of 2017, there were 12 homes sold, with a median sale price of $83,635 - a 20.3% decrease over the $105,000 median sale price for the same period of the previous year. There were 21 homes sold in Devereux Heights in the first half of 2016.

The median sales tax in Devereux Heights for 2017 was $1,518. In 2016, the median sales tax was $1,580. This marks an decrease of 3.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Devereux Heights 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)
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%
Glenwood Avenue/ Fayette Avenue402653.8%$84,200$97,750-13.9%
Devereux Heights1221-42.9%$83,634.50$105,000-20.3%
College Street/ Ash Street665813.8%$77,250$97,750-21%
Route 54/ Sangamon Ave.7299-27.3%$72,513.50$72,5000%
Jerome615119.6%$67,600$82,500-18.1%
5th Street/ Griffiths Avenue463243.8%$65,000$57,75012.6%
Route 97/ Walnut Street191618.8%$56,500$36,75053.7%

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