In February 2017, there were nine homes sold, with a median sale price of $146,500 - a 54.2% increase over the $95,000 median sale price for the same period of the previous year. There were seven homes sold in Route 4/ Washington Street in February 2016.
The median sales tax in Route 4/ Washington Street for 2017 was $3,172. In 2016, the median sales tax was $3,165. This marks an increase of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.
The following table compares Route 4/ Washington Street to other Springfield neighborhood with similar median sales prices in February 2017:
| Neighborhood | Feb. 2017 Home Sales | Feb. 2016 Home Sales | % change (Total Home Sales) | Feb. 2017 Median Sales Price | Feb. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodside | 3 | 5 | -40% | $322,500 | $137,000 | 135.4% |
| Toronto/ University of Illinois at Springfield | 8 | 6 | 33.3% | $234,750 | $83,500 | 181.1% |
| Route 4/ Washington Street | 9 | 7 | 28.6% | $146,500 | $95,000 | 54.2% |
| Salisbury/ Farmingdale | 14 | 10 | 40% | $144,000 | $110,500 | 30.3% |
| Route 4/ Greenbriar Drive | 9 | 7 | 28.6% | $143,500 | $145,000 | -1% |
| Leland Grove | 1 | 1 | 0% | $143,000 | $25,000 | 472% |
| Route 4/ Wabash Avenue | 5 | 5 | 0% | $130,000 | $141,000 | -7.8% |
| Mayden Road/ Dirkson Parkway | 3 | 4 | -25% | $122,000 | $116,500 | 4.7% |
| Route 4/ Route 97 | 6 | 6 | 0% | $121,250 | $65,375 | 85.5% |
| Glenwood Avenue/ Fayette Avenue | 6 | 2 | 200% | $88,950 | $99,550 | -10.6% |
| Stanton Street/ Stevenson Drive | 4 | 3 | 33.3% | $70,675 | $90,000 | -21.5% |
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