In January 2017, there were 13 homes sold, with a median sale price of $161,000 - a 21.3% increase over the $132,750 median sale price for the same period of the previous year. There were six homes sold in Route 4/ Wabash Avenue in January 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 2.1%.
The following table compares Route 4/ Wabash Avenue to other Springfield neighborhood with similar median sales prices in January 2017:
| Neighborhood | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Salisbury/ Farmingdale | 12 | 7 | 71.4% | $204,252 | $218,000 | -6.3% |
| Woodside | 8 | 6 | 33.3% | $195,500 | $264,500 | -26.1% |
| Route 4/ Greenbriar Drive | 5 | 5 | 0% | $169,900 | $159,000 | 6.9% |
| Route 4/ Wabash Avenue | 13 | 6 | 116.7% | $161,000 | $132,750 | 21.3% |
| Toronto/ University of Illinois at Springfield | 7 | 3 | 133.3% | $158,000 | $111,000 | 42.3% |
| Leland Grove | 4 | 2 | 100% | $140,875 | $144,500 | -2.5% |
| Devereux Heights | 2 | 2 | 0% | $135,000 | $111,500 | 21.1% |
| Stanton Street/ Stevenson Drive | 10 | 8 | 25% | $107,884.63 | $92,025 | 17.2% |
| Lincoln Avenue/ Fayette Avenue | 2 | 2 | 0% | $93,500 | $90,976 | 2.8% |
| Route 4/ Washington Street | 9 | 7 | 28.6% | $91,250 | $67,500 | 35.2% |
| Route 54/ Sangamon Ave. | 8 | 15 | -46.7% | $85,772 | $55,000 | 55.9% |
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