In July 2017, there were 11 homes sold, with a median sale price of $68,000 - a 23.5% decrease over the $88,900 median sale price for the same period of the previous year. There were 14 homes sold in Jerome in July 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 2.4%.
The following table compares Jerome 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) |
|---|---|---|---|---|---|---|
| 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% |
| Arlington Heights | 4 | 5 | -20% | $74,950 | $21,500 | 248.6% |
| Route 54/ Sangamon Ave. | 29 | 16 | 81.3% | $73,500 | $92,500 | -20.5% |
| Jerome | 11 | 14 | -21.4% | $68,000 | $88,900 | -23.5% |
| Glenwood Avenue/ Fayette Avenue | 8 | 6 | 33.3% | $66,250 | $94,000 | -29.5% |
| Grandview | 2 | 6 | -66.7% | $60,500 | $33,820 | 78.9% |
| Stanford Avenue/ Fox Bridge Road | 13 | 6 | 116.7% | $60,000 | $54,000 | 11.1% |
| 5th Street/ Griffiths Avenue | 9 | 3 | 200% | $53,500 | $67,500 | -20.7% |
| Route 97/ 9th Street | 2 | 2 | 0% | $49,750 | $34,000 | 46.3% |
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