In March 2017, there were 12 homes sold, with a median sale price of $66,250 - a 23.4% decrease over the $86,500 median sale price for the same period of the previous year. There were seven homes sold in Jerome in March 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 2.4%.
The following table compares Jerome 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) |
|---|---|---|---|---|---|---|
| 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% |
| Route 4/ Route 97 | 9 | 6 | 50% | $49,000 | $118,500 | -58.6% |
| Stanford Avenue/ Fox Bridge Road | 5 | 6 | -16.7% | $41,245 | $47,250 | -12.7% |
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