From January through June of 2017, there were 46 homes sold, with a median sale price of $65,000 - a 12.6% increase over the $57,750 median sale price for the same period of the previous year. There were 32 homes sold in 5th Street/ Griffiths Avenue in the first half of 2016.
The median sales tax in 5th Street/ Griffiths Avenue for 2017 was $1,463. In 2016, the median sales tax was $1,457. This marks an increase of 0.4%. 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 5th Street/ Griffiths 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) |
|---|---|---|---|---|---|---|
| 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% |
| Route 54/ Sangamon Ave. | 72 | 99 | -27.3% | $72,513.50 | $72,500 | 0% |
| Jerome | 61 | 51 | 19.6% | $67,600 | $82,500 | -18.1% |
| 5th Street/ Griffiths Avenue | 46 | 32 | 43.8% | $65,000 | $57,750 | 12.6% |
| Route 97/ Walnut Street | 19 | 16 | 18.8% | $56,500 | $36,750 | 53.7% |
| 4th Street/ Cook Street | 22 | 23 | -4.3% | $53,000 | $46,500 | 14% |
| Southern View | 23 | 15 | 53.3% | $49,015.13 | $75,000 | -34.6% |
| College Street/ Lawrence Avenue | 26 | 30 | -13.3% | $47,160 | $48,500 | -2.8% |
| Grandview | 29 | 19 | 52.6% | $46,000 | $52,000 | -11.5% |
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