In May 2017, there were 11 homes sold, with a median sale price of $144,900 - a 6% increase over the $136,700 median sale price for the same period of the previous year. There were 12 homes sold in Route 4/ Wabash Avenue in May 2016.
The median sales tax in Route 4/ Wabash Avenue for 2017 was $3,448. In 2016, the median sales tax was $3,396. This marks an increase of 1.5%. 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 Route 4/ Wabash Avenue to other Springfield neighborhood with similar median sales prices in May 2017:
| Neighborhood | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Salisbury/ Farmingdale | 30 | 27 | 11.1% | $227,250 | $222,402 | 2.2% |
| Woodside | 15 | 15 | 0% | $221,000 | $205,000 | 7.8% |
| Leland Grove | 8 | 4 | 100% | $201,500 | $154,400 | 30.5% |
| Route 4/ Greenbriar Drive | 21 | 21 | 0% | $168,000 | $215,000 | -21.9% |
| Route 4/ Wabash Avenue | 11 | 12 | -8.3% | $144,900 | $136,700 | 6% |
| Route 4/ Washington Street | 15 | 26 | -42.3% | $137,500 | $127,500 | 7.8% |
| Toronto/ University of Illinois at Springfield | 18 | 9 | 100% | $126,750 | $126,000 | 0.6% |
| Devereux Heights | 2 | 5 | -60% | $117,805.26 | $44,500 | 164.7% |
| Route 4/ Route 97 | 10 | 10 | 0% | $102,650 | $85,875 | 19.5% |
| Mayden Road/ Dirkson Parkway | 7 | 0 | - | $95,000 | $0 | - |
| Lincoln Avenue/ Fayette Avenue | 18 | 13 | 38.5% | $92,917.60 | $72,000 | 29.1% |
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