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Monday, November 25, 2024

Route 29/ Route 97 home prices rise in January 2017

Realestate2

The median sale price of a home sold in January 2017 in Route 29/ Route 97, a Springfield neighborhood, rose by $63,800 while total sales increased by 66.7%, according to BlockShopper.com.

In January 2017, there were five homes sold, with a median sale price of $82,800 - a 335.8% increase over the $19,000 median sale price for the same period of the previous year. There were three homes sold in Route 29/ Route 97 in January 2016.

The median sales tax in Route 29/ Route 97 for 2017 was $1,112. In 2016, the median sales tax was $1,105. This marks an increase of 0.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.

The following table compares Route 29/ Route 97 to other Springfield neighborhood with similar median sales prices in January 2017:

NeighborhoodJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Devereux Heights220%$135,000$111,50021.1%
Stanton Street/ Stevenson Drive10825%$107,884.63$92,02517.2%
Lincoln Avenue/ Fayette Avenue220%$93,500$90,9762.8%
Route 4/ Washington Street9728.6%$91,250$67,50035.2%
Route 54/ Sangamon Ave.815-46.7%$85,772$55,00055.9%
Route 29/ Route 975366.7%$82,800$19,000335.8%
Southern View31200%$81,850$53,00054.4%
Glenwood Avenue/ Fayette Avenue62200%$80,500$135,250-40.5%
College Street/ Ash Street35-40%$78,000$115,000-32.2%
5th Street/ Griffiths Avenue7616.7%$74,000$33,000124.2%
Jerome52150%$62,500$74,500-16.1%

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