From January through June of 2017, there were 26 homes sold, with a median sale price of $47,160 - a 2.8% decrease over the $48,500 median sale price for the same period of the previous year. There were 30 homes sold in College Street/ Lawrence Avenue in the first half of 2016.
The median sales tax in College Street/ Lawrence Avenue for 2017 was $1,532. In 2016, the median sales tax was $1,508. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.
The following table compares College Street/ Lawrence 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) |
|---|---|---|---|---|---|---|
| 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% |
| Edwards Street/ 11th Street | 6 | 5 | 20% | $42,000 | $22,550 | 86.3% |
| Route 97/ 9th Street | 23 | 8 | 187.5% | $40,000 | $61,500 | -35% |
| Stanford Avenue/ Fox Bridge Road | 43 | 35 | 22.9% | $40,000 | $51,000 | -21.6% |
| Arlington Heights | 33 | 15 | 120% | $40,000 | $38,000 | 5.3% |
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