In May 2017, there were 11 homes sold, with a median sale price of $53,415 - a 23.6% decrease over the $69,900 median sale price for the same period of the previous year. There were five homes sold in 5th Street/ Griffiths Avenue in May 2016.
The median sales tax in 5th Street/ Griffiths Avenue for 2017 was $1,463. In 2016, the median sales tax was $1,457. This marks an increase of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.
The following table compares 5th Street/ Griffiths 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) |
|---|---|---|---|---|---|---|
| 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% |
| Stanford Avenue/ Fox Bridge Road | 15 | 4 | 275% | $36,150 | $37,500 | -3.6% |
| Arlington Heights | 7 | 1 | 600% | $31,000 | $71,500 | -56.6% |
Alerts Sign-up