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Monday, September 30, 2024

Salisbury/ Farmingdale home prices fall in June 2017

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The median sale price of a home sold in June 2017 in Salisbury/ Farmingdale, a Springfield neighborhood, fell by $54,014 while total sales decreased by 16.7%, according to BlockShopper.com.

In June 2017, there were 30 homes sold, with a median sale price of $209,750 - a 20.5% decrease over the $263,764 median sale price for the same period of the previous year. There were 36 homes sold in Salisbury/ Farmingdale in June 2016.

The median sales tax in Salisbury/ Farmingdale for 2017 was $4,582. In 2016, the median sales tax was $4,913. This marks an decrease of 6.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Salisbury/ Farmingdale to other Springfield neighborhood with similar median sales prices in June 2017:

NeighborhoodJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Woodside1215-20%$242,950$185,00031.3%
Salisbury/ Farmingdale3036-16.7%$209,750$263,764-20.5%
Route 4/ Wabash Avenue12120%$161,500$146,00010.6%
Leland Grove63100%$159,950$164,500-2.8%
Route 4/ Greenbriar Drive1420-30%$158,500$205,750-23%
Toronto/ University of Illinois at Springfield68-25%$156,000$116,00034.5%
Route 4/ Washington Street23219.5%$139,900$120,00016.6%
Glenwood Avenue/ Fayette Avenue47-42.9%$129,950$82,32057.9%
Mayden Road/ Dirkson Parkway5366.7%$118,000$140,000-15.7%
Lincoln Avenue/ Fayette Avenue79-22.2%$112,250$115,500-2.8%
Jerome12850%$101,000$107,250-5.8%

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