In June 2017, there were 12 homes sold, with a median sale price of $101,000 - a 5.8% decrease over the $107,250 median sale price for the same period of the previous year. There were eight homes sold in Jerome in June 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 1.6%.
The following table compares Jerome to other Springfield neighborhood with similar median sales prices in June 2017:
| Neighborhood | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Toronto/ University of Illinois at Springfield | 6 | 8 | -25% | $156,000 | $116,000 | 34.5% |
| Route 4/ Washington Street | 23 | 21 | 9.5% | $139,900 | $120,000 | 16.6% |
| Glenwood Avenue/ Fayette Avenue | 4 | 7 | -42.9% | $129,950 | $82,320 | 57.9% |
| Mayden Road/ Dirkson Parkway | 5 | 3 | 66.7% | $118,000 | $140,000 | -15.7% |
| Lincoln Avenue/ Fayette Avenue | 7 | 9 | -22.2% | $112,250 | $115,500 | -2.8% |
| Jerome | 12 | 8 | 50% | $101,000 | $107,250 | -5.8% |
| Route 4/ Route 97 | 10 | 16 | -37.5% | $100,250 | $97,000 | 3.4% |
| Route 97/ Walnut Street | 3 | 4 | -25% | $90,000 | $65,000 | 38.5% |
| Stanton Street/ Stevenson Drive | 16 | 18 | -11.1% | $89,750 | $88,500 | 1.4% |
| Route 54/ Sangamon Ave. | 18 | 20 | -10% | $86,750 | $78,000 | 11.2% |
| College Street/ Lawrence Avenue | 7 | 1 | 600% | $80,500 | $69,900 | 15.2% |
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