In May 2017, there were 15 homes sold, with a median sale price of $58,247 - a 6.8% decrease over the $62,500 median sale price for the same period of the previous year. There were 11 homes sold in Jerome in May 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 2.8%.
The following table compares Jerome 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) |
|---|---|---|---|---|---|---|
| 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% |
| Route 29/ Route 97 | 9 | 2 | 350% | $58,000 | $28,750 | 101.7% |
| 5th Street/ Griffiths Avenue | 11 | 5 | 120% | $53,415 | $69,900 | -23.6% |
| Route 97/ Walnut Street | 5 | 2 | 150% | $53,000 | $51,500 | 2.9% |
| Southern View | 5 | 5 | 0% | $51,545.79 | $83,000 | -37.9% |
| 16th Street/ Ash Street | 8 | 1 | 700% | $39,492.12 | $11,000 | 259% |
Alerts Sign-up