In January 2017, there were six homes sold, with a median sale price of $80,500 - a 40.5% decrease over the $135,250 median sale price for the same period of the previous year. There were two homes sold in Glenwood Avenue/ Fayette Avenue in January 2016.
The median sales tax in Glenwood Avenue/ Fayette Avenue for 2017 was $2,098. In 2016, the median sales tax was $2,099. This marks an decrease of 0%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.
The following table compares Glenwood Avenue/ Fayette 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) |
|---|---|---|---|---|---|---|
| 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% |
| Route 29/ Route 97 | 5 | 3 | 66.7% | $82,800 | $19,000 | 335.8% |
| Southern View | 3 | 1 | 200% | $81,850 | $53,000 | 54.4% |
| Glenwood Avenue/ Fayette Avenue | 6 | 2 | 200% | $80,500 | $135,250 | -40.5% |
| College Street/ Ash Street | 3 | 5 | -40% | $78,000 | $115,000 | -32.2% |
| 5th Street/ Griffiths Avenue | 7 | 6 | 16.7% | $74,000 | $33,000 | 124.2% |
| Jerome | 5 | 2 | 150% | $62,500 | $74,500 | -16.1% |
| Route 97/ Walnut Street | 3 | 1 | 200% | $56,750 | $22,000 | 158% |
| Route 4/ Route 97 | 7 | 5 | 40% | $48,000 | $35,900 | 33.7% |
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