In May 2017, there were eight homes sold, with a median sale price of $82,200 - a 21% decrease over the $104,000 median sale price for the same period of the previous year. There were five homes sold in Glenwood Avenue/ Fayette Avenue in May 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 2.6%.
The following table compares Glenwood Avenue/ Fayette 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) |
|---|---|---|---|---|---|---|
| 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% |
| Stanton Street/ Stevenson Drive | 8 | 18 | -55.6% | $89,750 | $75,200 | 19.3% |
| 4th Street/ Cook Street | 5 | 5 | 0% | $82,473.02 | $33,000 | 149.9% |
| Glenwood Avenue/ Fayette Avenue | 8 | 5 | 60% | $82,200 | $104,000 | -21% |
| Route 54/ Sangamon Ave. | 17 | 19 | -10.5% | $73,000 | $89,500 | -18.4% |
| College Street/ Ash Street | 14 | 7 | 100% | $70,650 | $96,000 | -26.4% |
| Grandview | 8 | 0 | - | $61,500 | $0 | - |
| College Street/ Lawrence Avenue | 7 | 8 | -12.5% | $60,308.72 | $37,000 | 63% |
| Jerome | 15 | 11 | 36.4% | $58,247.15 | $62,500 | -6.8% |
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