In March 2017, there were eight homes sold, with a median sale price of $71,000 - a 29.2% decrease over the $100,250 median sale price for the same period of the previous year. There were six homes sold in Glenwood Avenue/ Fayette Avenue in March 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 3%.
The following table compares Glenwood Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in March 2017:
| Neighborhood | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mayden Road/ Dirkson Parkway | 7 | 1 | 600% | $125,500 | $52,500 | 139% |
| Lincoln Avenue/ Fayette Avenue | 4 | 4 | 0% | $90,250 | $137,500 | -34.4% |
| 4th Street/ Cook Street | 1 | 3 | -66.7% | $90,000 | $49,000 | 83.7% |
| Stanton Street/ Stevenson Drive | 7 | 4 | 75% | $84,500 | $59,500 | 42% |
| College Street/ Ash Street | 6 | 8 | -25% | $81,500 | $92,690 | -12.1% |
| Glenwood Avenue/ Fayette Avenue | 8 | 6 | 33.3% | $71,000 | $100,250 | -29.2% |
| 5th Street/ Griffiths Avenue | 9 | 9 | 0% | $70,000 | $68,000 | 2.9% |
| Jerome | 12 | 7 | 71.4% | $66,250 | $86,500 | -23.4% |
| Edwards Street/ 11th Street | 2 | 0 | - | $61,000 | $0 | - |
| Devereux Heights | 3 | 2 | 50% | $55,000 | $215,500 | -74.5% |
| Route 54/ Sangamon Ave. | 11 | 16 | -31.3% | $50,430 | $72,750 | -30.7% |
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