In July 2017, there were four homes sold, with a median sale price of $99,250 - a 16.8% increase over the $85,000 median sale price for the same period of the previous year. There were five homes sold in College Street/ Lawrence Avenue in July 2016.
The median sales tax in College Street/ Lawrence Avenue for 2017 was $1,532. In 2016, the median sales tax was $1,508. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.
The following table compares College Street/ Lawrence Avenue to other Springfield neighborhood with similar median sales prices in July 2017:
| Neighborhood | July 2017 Home Sales | July 2016 Home Sales | % change (Total Home Sales) | July 2017 Median Sales Price | July 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 4/ Wabash Avenue | 9 | 12 | -25% | $145,000 | $146,750 | -1.2% |
| Mayden Road/ Dirkson Parkway | 12 | 1 | 1100% | $134,750 | $102,000 | 32.1% |
| Route 4/ Washington Street | 9 | 19 | -52.6% | $122,000 | $128,000 | -4.7% |
| Lincoln Avenue/ Fayette Avenue | 5 | 2 | 150% | $101,900 | $123,250 | -17.3% |
| College Street/ Ash Street | 13 | 11 | 18.2% | $99,900 | $100,000 | -0.1% |
| College Street/ Lawrence Avenue | 4 | 5 | -20% | $99,250 | $85,000 | 16.8% |
| Route 4/ Route 97 | 10 | 19 | -47.4% | $93,000 | $108,500 | -14.3% |
| Stanton Street/ Stevenson Drive | 9 | 11 | -18.2% | $92,500 | $83,000 | 11.4% |
| Devereux Heights | 1 | 4 | -75% | $90,000 | $60,250 | 49.4% |
| Route 97/ Walnut Street | 2 | 6 | -66.7% | $82,300 | $44,250 | 86% |
| Southern View | 2 | 1 | 100% | $80,500 | $8,500 | 847.1% |
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