In February 2017, there were nine homes sold, with a median sale price of $55,900 - a 38.9% decrease over the $91,500 median sale price for the same period of the previous year. There were 10 homes sold in Jerome in February 2016.
The median sales tax in Jerome for 2017 was $1,622. In 2016, the median sales tax was $1,578. This marks an increase of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.
The following table compares Jerome 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) |
|---|---|---|---|---|---|---|
| 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% |
| Lincoln Avenue/ Fayette Avenue | 6 | 0 | - | $69,400 | $0 | - |
| College Street/ Ash Street | 9 | 6 | 50% | $56,529 | $74,300 | -23.9% |
| Stanford Avenue/ Fox Bridge Road | 8 | 6 | 33.3% | $56,284.50 | $54,250 | 3.8% |
| Jerome | 9 | 10 | -10% | $55,900 | $91,500 | -38.9% |
| Route 97/ 9th Street | 4 | 1 | 300% | $50,000 | $22,000 | 127.3% |
| Route 29/ Route 97 | 3 | 4 | -25% | $47,750 | $33,250 | 43.6% |
| Route 97/ Walnut Street | 1 | 3 | -66.7% | $42,129 | $35,000 | 20.4% |
| Route 54/ Sangamon Ave. | 9 | 12 | -25% | $41,700 | $57,500 | -27.5% |
| Edwards Street/ 11th Street | 2 | 1 | 100% | $39,380 | $45,100 | -12.7% |
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