In January 2017, there were seven homes sold, with a median sale price of $48,000 - a 33.7% increase over the $35,900 median sale price for the same period of the previous year. There were five homes sold in Route 4/ Route 97 in January 2016.
The median sales tax in Route 4/ Route 97 for 2017 was $1,853. In 2016, the median sales tax was $1,907. This marks an decrease of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.9%.
The following table compares Route 4/ Route 97 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) |
|---|---|---|---|---|---|---|
| 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% |
| Arlington Heights | 4 | 4 | 0% | $39,999.50 | $29,250 | 36.8% |
| Route 97/ 9th Street | 3 | 1 | 200% | $34,000 | $80,000 | -57.5% |
| 4th Street/ Cook Street | 4 | 2 | 100% | $32,500 | $39,000 | -16.7% |
| Stanford Avenue/ Fox Bridge Road | 2 | 5 | -60% | $23,350 | $75,000 | -68.9% |
| 16th Street/ Ash Street | 4 | 5 | -20% | $23,000 | $22,000 | 4.5% |
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